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...
Price forming descending triangle pattern and inside it is forming cup and handle pattern, it is likely to break up and move further up, watch out resistance when it moves up.
INDUSINDBK | Flag opportunity for 15-20%
CMP : 937
SL : 900
Target : 1015, 1110
Volatile stock - Please keep SL with some buffer and have some patience
HDFCLIFE | Channel support + Bullish confirmation 15%
CMP : 671
SL : 650
Target : 760
1:4+ risk reward setup
We already holding for long time - If holding that chart (Reference attached) don't disturb that position this is just a short term / momentum opportunity. Treat this seperately.
Been trading in a channel for 9 years. Given a 4 year breakout.
MCap 50,000Cr. PSU Stock. Iron Ore.
Metal sector is firing on all cylinders even in a weak market.
Very safe bet.
Maruthi possible breakout, took support of 50 DMA and crossed the resistance.
Buy @7480 target ~8000 (Short Term) ~9000 (Long Term) with 7200 as stoploss.
HDFC has tested its major support zone and formed descending channel pattern. Most of the time this type of pattern gives a breakout to the upside. If stock sustains the 2430 price level, we can take buying side position.
Buy = above 2430
Sell = Below 2366
Support Zone = 2400 to 2366
Resistance = 2594
If you like my idea then please follow me on the trading...
After the formation of cup & handle , stock has given breakout & formed a nice support near 1600 level before giving today's big move as a breakout. Keeping SL of 1650 one should buy this stock on current level & add on dips (if any) and look for the measured target area of 1950 zone in coming sessions.
Price continuously falling from the high for the last 3 months. The big fall made the price to form a descending channel pattern and it is getting ready to break.
MINDTREE | Flag above the channel - But stretched above the area of value. However the flag consolidation looks convincing for 20-25% ahead of the results.
CMP : 1979
SL : 1920
Target : Open or Minimum 1:3 or Flag pole length size which is 25%
