TATACOFFEE
Tata Coffee Multiyear BreakoutI am naïve to the chart pattern. This is my first post.
Many of Tata groups' stocks including Tata Coffee are in Multiyear breakout. If you see Weekly chart it's already breached out W pattern and now approaching towards the multiyear resistance of 172-175.
SL can be 138 and Target can be 173.
TATA COFFEE "Breakout from range"Technicals:-
Tata Coffee has given a Breakout from a very tight range,
and it is also supported by volumes.
Fundamentals :-
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.
TATA COFFEE, BUY@125,TARGET (150~160)Tata Coffee has crossed 10/20/40/80/160 moving averages with good volume. NSE:TATACOFFEE
midcap, midcap, midcapindex at all time high but stock are not. the line adjacent to base is sl and target can be 2013 or 2018 highs.
Tata coffee - Close above 120 is the keyPrice 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 then enter the market with strict stop loss below the pattern low.
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TATA COFFEE : HAVE SOME COFFEE 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 above 114 levels & look for the higher target zone as shown in the chart.
Tata Coffee - Breakdown - Descending TriangleTata Coffee has broken below from the descending triangle pattern on 30 mins time frame.
Initiate Sell.
Target: 66
Stoploss: 75
Tata Coffee is getting ready to fly .Tata coffee has crossed meaningful resistance of Rs.83 . Next logical target looks to Rs.89 in short term
TATA Coffee wedge pattern breakout.Tata Coffee has broken the rising wedge pattern today, it may further go downward to short term support 117. Short TATA coffee at slight high price with target of 117.
