Stock has made a bullish candle on daily breaking the Trendline.
Looks good above 17525 for targets of 17650, 17700 and 17750
P.S. Stock might re-test TL before again moving up, keep in radar for next few sessions
ONLY TAKE A BUY TRADE ...... enter on BO above and then hold for the day .. if it stays above the trendline for the whole day take the stock home . see it on D chart then it might give you amazing upside :)
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...
Look at yearly chart, stock has given tremendous result every years contentiously.
No red candle since last 10 years.
Currently i daily demand zone supported by EMA 20
THE VALUABLE COMPANY BABUR GIVE A BIG RALLY 500 TO 575. NOW IT IS IN REVERSAL SO NOW SELL THE DABUR. AND WAIT FOR SUPPORT THE FIRST SUPPORT IS 550 AND THE SECOND SUPPORT IS 339.
CNX FMCG is at weekly support, probability of reversal in FMCG sector is very high.
HUL is at hourly support at 0.5 fibbo level.
Entry around 2300-20 with a SL below trendline concludes a great RR ratio.
Achievable targets can be 2500 zones.
{ONLY FOR EDUCATIONAL PURPOSES}
Before the daily breakout, Monthly breakout has already happened at 7300 levels. Now with cup formation, a daily breakout has also happened which will help it to breach 8000 levels. Recommended for positional trade with a risk managing Stop Loss.
This is just a graph of sectoral indices have fared in the last 30 years or since inception. It's purely for educational purposes and not indicative of any suggestions.
