The Tata Group is in the final stages of acquiring a majority stake of 68 per cent in Supermarket Grocery Supplies, which runs and operates online grocery brand BigBasket, for about Rs 9,300-9,500 crore, said a source close to the development. The deal — biggest in the online grocery space so far—values BigBasket at Rs 13,500 crore (around $1.85 billion). This...
In the hourly chart, we can clearly see that Tata Consumer Products has broken the resistance of 614 with high volume. Take long position guys for the target of 636 .
POSITIONAL TRADE !!!
TATAPOWER brokeout of a CHANNEL , Best buy is around 78.65-72.25 . for positional trade , can exit around 134.6-145.35 . GOOD FOR LONG TERM INVESMENT .
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There seems to be a first pullback post breakout with high volume. Volumes are reducing while pullback which indicates less selling pressure. RSI above 65 indicates bullish momentum.
Tata Consumer has given a clear psychological and a technical breakout after closing above 600 and completing the rounding bottom pattern respectively. One may consider going long and look for targets of 670-690 in the coming sessions. Stop loss should be placed at 570-580.
Two failed attempts. There is news that this might be included in NIFTY and GAIL might be out. Maybe this is finally the time the stock breaks the resistance?
Keep on radar.
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NSE:TATACONSUM
Tata consumer Closed above the resistance line 534.50 which gives target of 566 in short term. few factors indicating the support for target in 1 hr candle you will hammer supported by 50mvg, next when ever RSI turns above 70 mark it given consecutive 3 days of uptrend we can expect from next trading day,
