TATACONSUMERENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
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Tataconsumer
TATACONSUM - Ichimoku Bullish Breakout 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 education purpose and a helping hand to learn trading in Market.
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# Ichimoku Cloud
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Consolidation BreakoutTataconsumer - 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 only. not provide any tips/recommendations/advice.
Tata Consumer breakoutTata 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 fast-moving consumer goods company with its corporate headquarter in Mumbai, and is a part of the Tata Group. Its registered office is located in Kolkata. It is the world's second-largest manufacturer and distributor of tea and a major producer of coffee.
TATACONSUMER - Swing Trade - Morning Star FormationThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Tata Consumer Products (SwingTrade) About
Tata Consumer Products Ltd.
one of the leading companies of the Tata Group, with presence in the food and beverages business in India and internationally. It is the second largest tea company globally and has significant market presence and leadership in many markets. In addition to South Asia (mainly India), it has presence in various other geographies including Canada, UK, North America, Australia, Europe, Middle East and Africa.
Important point:-
---->Company is almost debt free.
---->Company has delivered good profit growth of 20.2% CAGR over last 5 years
---->Company has been maintaining a healthy dividend payout of 52.4%
FMCG sector weekly chart analysis with stock explanationRecently if we observe closely, FMCG Sector is outperforming & helping index to move higher and higher, where it contribute nearly 8% of Nifty 50.
In which ITC is having the highest weightage in the FMCG sector (nearly 30%) followed by HUL (24%), Nestle (7%) and Tata consumer (6%) respectively.
Adding to this VBL is outperforming like anything, compare to other stocks in this sector, VBL Chart was really great. which contribute 2.5% to the FMCG sector.
Britannia, Dabur, P&G & Colpal are the other important stocks in this sector.
Keep an eye on these stocks for the coming days.
As FMCG sector look very bullish & broke its 52 Weeks high and also 18 Oct 2021 weekly high in these recent weekly Chart. Which helped in forming double top pattern.
In coming days if the price closes above 42000 level comfortably , then we can expect further bullish movement which has a potential to reach 50000 range in upcoming days.
39000-40000 range must act as important support Level, if price is unable to sustain in the present level.
This is just overall view of FMCG sector. Not a recommendation to trade in any stocks, Do your own analysis before taking any trade.
NSE:CNXFMCG
NSE:ITC
NSE:HINDUNILVR
NSE:VBL
NSE:NESTLEIND
BSE:TATACONSUM
NSE:BRITANNIA
NSE:DABUR
NSE:PGHH
NSE:COLPAL
NSE:MARICO
Tata Consumer is a Buy based on daily chartTata Consumer NSE:TATACONSUM CMP 804, has a strong supply zone at 832, 852 and 885 rupees. once it crosses these resistances, it may go up to 950 very fast. unlikely in August series, because of general headwinds in FMCG food sector.
Standard disclaimer applies. Kindly provide feedback.
Tata Consumer's new rally about to beginThe stock is returning from a great support and witnessing a double bottom pattern with having a break out with huge moment and now it's ready to hit the set targets. First two will be easy to achieve, I suggest to trail a stop loss after hitting the second one.
Peace out :)
Love
Jerry