The 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...
Wait 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.
After 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.
10 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),...
