Hey everyone! I'm a neophyte in the world of Stock Market. This is my first post. If you think this analysis is absurd or has some mistakes please blow me up in the comments. What do you think is the target price here?
Suggestions are most welcome!
Tata Coffee has given a Breakout from a very tight range,
and it is also supported by volumes.
Stock P/E stands at- 17
Cash flow in the company is good
After the corona crash the company has made a good recovery.
Q3 PAT is 32 VS 25 So we see the recovery.
Price after breaking the strong resistance formed a Triangle pattern and breaks out with good volume last week, but unable to hold the the move it exactly rejects from the pattern high as mentioned in the picture.
One can now look for the price to close above 120 and enter the trade for the target of 137 and 150 respectively. . . If you are an aggressive trader...
TATA COFFEE : The stock is travelling in a impulsive channel & currently the wave 3 is unfolding. As per the internal structure we can clearly see that, the wave 3 is being extended & look like it has completed its 4th of third wave. So we can expect an upside move in the stock to complete its 3rd wave. One should look buying opportunity if the prices sustain...