TATACONSUM:- STRONG CONSOLIDATION BREAKOUT CANDIDATE
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As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
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As we can see stock gives a breakout with a heavy volume
stock retrace till 850. it can go upward direction furthermore
Month and Week TF triple bottom
Day chart breakout and retracement completed
educational purpose only!✨
Do your research before making any investment🥂
A Bullish Breakout of On Neck pattern and a Rounding Bottom is visible on the Daily chart of NSE:TATACOFFEE
MACD gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue.
One can create a fresh position in the scrip as per the levels mentioned on the chart.
Risk Disclaimer:
The information provided in this analysis...
Price appears to be deliberately pushed down for catching stops and huge buying happening at support levels.
Sector supporting too
Call option can be positioned
Important Points:
1) Stock on high bull run
2) New acquistions on the way, company is expanding
3) Last bull run was 200% retrun... This time for 100%, it will reach till 1700+
Tata consumer has been consolidating in a symmetrical triangle pattern since mid 2021.
The stock has given breakout of the pattern and can be a good positional stock on the long side since FMCG sector is looking bullish
The stock can be added on dips between 800-820 levels with a SL below 755 DCB.
Minimum target in the stock is ATH levels of 889 above which the...
BUY TATA CONSUMER ABOVE 890
SL 820
TARGET 1: 958
TARGET 2: 1026
TARGET 3: 1094
For positional target
Expecting trend continuation in FMCG sector
Tata Consumer formed flag pattern on Monthly time frame
Tata Consumer formed Head and Shoulder pattern on weekly time frame
Tata Consumer give flag pattern breakout on daily time frame with Volume
Again there is an opportunity with tata group of company and this time with tataconsumer. This post is only for educational purpose. Do your own research before buying or selling.
Tata consumer is looking good becuase it's price action is again active and RSI is also getting strength and it is in consolidation from the last one month which suggest something
big is...
ENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Stock Name - TATA Consumer Products Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 824
#This is not Buy and Sell recommendation to any one. This is for...
Tataconsumer - showing sideways consolidation from last month. Now it gives breakout from the last one-month range forming a Bullish candle i.e. Engulfing or like a Marubozu candlestick pattern with good volume spurt, it may touch 850-860 level which is next resistance level .
Disclaimer - All updates/posts/discussions are only for education and learning purpose...
Tata Consumer - Short Term Range Breakout Idea
When the price crosses the range, it is likely to continue in that direction. Intraday traders then use the breakout as the entry point. In simple words, the opening range breakout strategy means taking a position when price breaks above or below the previous day's high or low
Tata Consumer Products is an Indian...
