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FMCG

Tata consumers can go up as it respected the trend lineThere is a trend line connecting October 21st 2020 and 19th March 2021. If you extend it, we can see it has supported the current retracement from 7th May 2021. According to the fib retracement levels, entry is above 652 . First and second targets are 670 and 690 respectively. (Though Tata Consumer Products declined 6% on weak operational performance in Q4, it took support on the trend line and it is gradually picking up the pace.)
NSE:TATACONSUMLong
by IamGeorgy
Where does the FMCG sector stands technically?I just posted a chart on HUL making a descending triangle pattern and will try to link that idea to the sector chart. . As we can see the CNXFMCG tried to breakout of the previous resistance and failed to do so. With tata consumer rallying recently , HUL could follow the suit and FMCG sector could push out to make new highs in coming days. IF it fails to sustain like the earlier 2 opportunities it would take another week or so to retry to breakout.
NSE:CNXFMCGLong
by VigneshIyer
Tata Consumer Technical Analysis .Hello friends after a long time , I am Again Back with a New Idea, So Today we are going to Talk about Tata Consumer Ltd . As you Know its a FMCG Company . So on 1 Day Chart it is making a "Channel Pattern" and also making a Bearish Engulfing Pattern which gives you a idea that it can go Down . If i Talk About Targets , So Targets will be :- 530 Rs . So Now Lets Talk About Support and Resistances . So from Its Pivot Points .So its Support Is 590 Rs and 460 Rs if Rare Case Happens and it goes Down so they can become a Support Resistance is 700 Rs . Volume has no Volatility in any Side , Rsi is in Bearish mode and Price is also going Down , Earning Reports are also 66.86% Down and Bearish Engulfing Candle Stick Pattern Gives you a more idea that it can go Down . So From my Opinion it can go "Down" but its on the lower side of the Channel and so for it can go "Up" also. PIease Like because we are having a shortages of Likes . If you have any Doubt Related to This Idea , This Stock or any other Stock . You can comment me Below . And If You Have any Advice For Me Just write it Down . And also write your opinion on this stock . Stay Safe . Thats all For Today . Bye Bye For Now . 👍 NSE:TATACONSUM Comment Below on which Other Stock You all want to see our Analysis . Make Sure To Like and Follow us on Our Channel . Like Aim - 6 Please Accomplish this Goal .
NSE:TATACONSUMShort
by UKnowN_ThE
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