TATACONCUSUMER once again tried to break its all-time high of 635, overall momentum looks positive, it should break its ATH of 635, and continue the momentum giving good gains.
As per reports TATACONSUMER will be included in NIFTY50 from 31st March. I think that should be the push this stock needs to break its 635 resistance zone.
PS: I'm a College Student, not...
TATA CONSUMER LOOKS GOOD ON TECHNICAL CHARTS RESISTANCE AT 635. POSSIBLE GAIN IF CROSSES 635.
PS: I'm a College Student, not a broker, I'm not qualified enough to suggest people trades. I'm a student to take a keen interest in the Stock Market during the lockdown. These are for educational purposes. Please do share your views, I am still learning.
In recent years TATA Motors has given a negative return and it is one of the most underperforming stock in the NIFTY.
But after having a long time frame view and recent parallel channel breakout with an immense amount of volume (in Billions) that has never seen before, the stock seems too promising.
So, there is a very good buying opportunity in long and as well...
It's a multi-year breakout!! Price may give a pullback up to the channel's upper edge.
It's an investment opportunity for 2 to 3 years.
Volumes have been increased drastically for over 6 months.
Disclaimer: Don't just blindly Trade or Invest, learn and then trade. Manage your risks properly.
This analysis is purely for EDUCATIONAL purpose, just to give an idea on...