Tata consumer has formed cup and handle formation. If breaks 520 with good volume, can move up quickly for final target 581. Safe trader can book profits at 550 level.
Can you see the Chart is speaking very clear?!
- 38.2% Fib retracement done from the Tops, and the Pennant was Counter trend in nature with a 3 Wave Advance
- On 10th November, we got confirmation to Short, Price also closed below 5 Day EMA and it has turned down sloping now
- Also notice how Price cannot sustain above Anchored VWAP from the Tops
- Price is...
Tata consumer in uptrend on monthly. Weekly & daily retracement. Expected to move upward . Long above 506 Target 550-555 SL 477. Above 20 EMA. RSI positive divergence. This is for your educational purpose only.
Tata Consumer should come down according to the analysis and take support at demand zone.
we can see upside movement if break the nearest resistance.
let's see.
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...
Tata 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...
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
My question is - Is it a classic Retest and Rebound ? Can we expect the price to go down because if it goes down , it may see 465 or even 450 levels ! Am I correct ?
