Tataconsumer
#Oct13 - TATACONSUM (intraday)The stock has been trapped in a channel for a while now, So we can expect a breakout or breakdown in the coming days. Last week, it broke down from a very important support of 500, And now it again is a range.
Buy above 482
Sell below 470
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
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Tata Consumer | Buy on dipsTata Global Beverages and its subsidiaries (together referred to as the group) and the group’s associates and joint ventures are engaged in the trading, production and distribution of Tea, Coffee and Water. The group has branded beverage business operations mainly in India, Europe, US, Canada and Australia, plantation business in India and extraction business in India and the US.
The stock has declared EPS of Rs 3.55 during Q1FY21 as against full year EPS of Rs 4.99 which is ~71% of full year EPS. Considering the Covid lockdown the performance during Q1FY21 was good. The stock has fallen about 20% from all time high of 580 and the stock is near 100 MA which could act as potential entry point. The sharp fall has plotted doubt in minds of bulls but we feel that 450 to 460 levels could be good accumulation zone. Q2FY21 results holds the key.
TATA CONSUMER 600 ????I SEE INVERted head and shoulders formation After long bearish trends, the price falls to a trough and subsequently rises to form a peak. ... The price falls for a third time, but only to the level of the first trough, before rising once more and reversing the trend
STOPLOSS - 502.50
TARGET IN NEATR TERM 540-550
Tata Consumer | BUYThe stock broke out of ₹525 last Thursday, thereby confirming the bull-flag chart pattern. After marking a high of ₹544.5, the price softened and is now finding support of 20-day simple moving average. Since the scrip is in a sharp uptrend, it is expected to extend the rally in the upcoming sessions and so, the current price level seems like good entry area. The pattern indicates a potential rally to ₹600 to ₹610.
TATACONSUM - BOUNCING BETWEEN TRENDLINE 20 EMAWait for the breakout to happen. Enter and catch the move.
TATACONSUM gave investors a 150% return. Traders could catch atleast some movement of it.
Beware : Please keep in mind and stay away from False Breakout Traps.
Also this is not any recommendation, it is only for educational purpose.
Trade at your own risk.
Tataconsumer - HH & HL formationAfter taking support near 400-404 support zone stock starts create new Higher high high lows.
Might be face some rejection issue near resistance zone 414-417/8 after that or near by there stock get good movement.
invalid for buy if breaks support trendline. hope we can a good movement tomorrow.
TATA Consumer Products_Analysis_Long Call_10 May 202010 May 2020
TATA Consumer Products: CMP - 348.75
Important news going on in the market: Tata Consumer Products will be included in the MSCI Index in the coming week. If that happens stock will get big boost.
Despite nifty fell sharply by more than 6% in the last week, TATA Consumer Products moved up from the low of 325.65 to 355.50 (9.16% of price movement), finally closing at 348.75.
Someone already buying the stock due to it??? may be possible.
The stock price is moving in a channel. Currently, it has moved up from the support of the channel. Also, it is above its 20, 50, and 200 DEMA.
The stock price also displays a Flag Pattern with a breakout at 335 level. The volume rose when pole formation was taking place and during the flag formation volume were down. at the breakout level buy volume were consistent and increasing. With that in mind, the stock price target comes out to be 476.50.
T1:378, T2: 427, T3: 476.50; SL: 279.50. Duration: 25-27 Trading Sessions.
Stock is trading at PCR of 0.72 which is good for the stock to go up in the current upside momentum.
In Call Option, max OI is placed at 400 (3.02 lacs OI), 380 (2.67 lacs OI), and 350 (2.10 lacs OI).
In Put Option, max OI is placed at 300 (2.45 lacs OI), 320 (0.94 lacs OI), and 330 (0.91 lacs OI).