The stock has been in to consolidation for the past 2 years. With price getting tighter and tighter and volumes getting contracted with the tightness.
1st base was of 45Weeks with 28% range, 2nd base consisted of 40weeks with range of ~21% and current base formed is 15weeks in 12% range.
See the volume contraction from left to the right.
Highest monthly close...
Stock is trading near ATH BO with maintaining supportive trendline, and stock has given BO on daily chart with massive volume, follow chart for proper entry and exit levels.
Tata Coffee Ltd (TACO) break out
Tata cofee break out in weekly time. Yesterday High volume and momentum created
Buy above 245. Next target 248, 252,261
Time to go for long. Thank you.
As per the 2 Hour Chart of TATACOFFEE, we can witness a Formation of “Hammer” on the chart. Therefore, we are expecting a bullish momentum in TATACOFFEE in the upcoming trading sessions. Wherein it is being expected to face a resistance initially at around the levels of 214.70, 216.75, and 220.20. Whereas, on the other hand, on the downside levels, the stock may...
