Tataconsumer
Tata Consumer (Bullish)Tata Consumer (Daily):
1. Trendline Breakout
2. Resistance level Breakout
3. Reversal from 50% levels
4. Trading above 200 Days Moving Average
5. Positive Crossover of 5, 13 Exponential Moving Average
6. Target 1- 850
Addl Points:
1. FII/FPI have decreased holdings from 25.93% to 25.67% in Dec 2021 qtr
2. Mutual Funds have decreased holdings from 7.33% to 7.02% in Dec 2021 qtr
Notes:
1. The above analysis is just for educational purpose
Tata Consumer Products Ltd - 11.02.2022Tata Consumer Products Ltd - 11.02.2022
The stock is trading @ 701 levels
There is a HAMMER in Daily Chart
There is a DOJI in Daily Chart
The prices are below EMA
There is a SPINNING TOP in Weekly Chart
Let the prices go above 721
watch out for the price action
Tata Consumer: +ve Divergence seen, is correction over?+ ve divergence is seen in RSI, does this indicate completion of correction?
A seen, leftover supply is still pending in zone of 740 to 790.
Price action is suggesting the same and it is facing resistance to cross 740 level.
around 710 could be favorable point for entry with stoploss of recent low made.
Tata Consumers looking good for Swing!!NSE:TATACONSUM
TATACONSUM took a good correction from its high
and took a support from lower levels and is now
looking good for taking a swing trade in Equity or futures.
It seems bullish as per chart and also RSI divergency is bullish
also volumes are seems to be much bullish as they are
much higher then past 90days.
One can consider buying it now on CMP or on retracment if comes.
It can be brought in futures and Equity both at your own risk.
targets will be as per given in chart and stoploss will be
below 720 on day closing basis.
Happy investing....!!
NOTE - THIS TRADE IDEA IS ONLY FOR EDUCATIONAL PURPOSE
WE ARE/WOULD NOT BE RESPONSILE FOR ANY PROFIT OR LOSS
Tata Consumer ready for the uptrend!🤩💸🔥Buy Tata Consumer Products for Positional Trading as well as Investment💸🔥💸
Comment your views!!!🧐🤔🧐
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✅Both TECHNICALLY and FUNDAMENTALLY strong stock.💪💪
The company posted the best QOQ & YOY result and will very likely post a similarly strong result in Q3 too.
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💡The stock is in a long term uptrend. From Sept 2021 it was in a retracement phase. Now, with volume breakout of major level (740), retracement seems to have been completed and stock is poised for a strong rally from current levels.
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💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Buy QUALITY stock.
2. Buy RIGHT, Sit TIGHT- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar fundamental issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector.
4. Build position GRADUALLY as the stock RISES.
5. Trade in the DIRECTION of the BIGGER trend.
6. RIDE the TREND. Don't sell your WINNERS early.
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LIKE, COMMENT & SHARE 😄😄😄
TATACONSUMER _ BREAKOUT Weekly TrendlineHi,
TATACONSUMERS in weekly chart have given breakout in volume. Volume is good higher than weekly moving average.
Basis the trendline it has broke and tested at 700 levels.
Any breakout in price action above 778 shall take it to 900 in short term.
Please note this is based on my analysis kindly do your analysis and take advice from your SEBI registered advisor before investing.
Happy investing.
Tata Consumer: Elliot waves Target (Monthly Chart)TATA CONSUMER: MONTHLY CHART (Elliot waves targets)
It's in 4th corrective wave (in progression), it may complete around 600-700 level ( either 24% or 38% retracement of wave 3)
Targets for the 5th impulse wave would be 950,1300,1750 level, 62% of wave 1-3 retracement, 162% of wave 4, wave 5 equals to wave 1 respectively.
Bearish on short term, Long term trend bullish.
Roughly 12-18 months for the long term target