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
Tataconsumer
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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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
TATA Consumer looks strong…TATA Consumer looks strong…
Reasons/Traits :
• Today gave a break out from two day inside bars with a big green bar with very good volume
• Above 13 and 50 EMA
• Price touched 0.618 retracements levels
• RSI increasing
• Bearish Crab harmonic pattern formation is in place
What can happen next :
Scenario 1 : Price sustaining above 850/853 levels can take it to 865/870/915/940 levels
Scenario 2 : Price break down below 834 can take it down to 812/800/775/750 levels
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
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TATACONSUMERBuy Tata Consumer at 845 with Stop loss of 770 for the target of 920 and 995
Strong fundamental stock
1. 5 digits Consistent sales growth
2. Debt free company
3. Healthy dividend payment history
4. Multifold cashflow growth
6. 7.87 Earning per share average every year
6. Promotors holding is the concern
Consider hold this stock with long term prospective and add this stock into portfolio on every dip
TATACONSUM TRADE SET-UP FOR TOMORROWTata consumer share touched the level of 860 and then reversed, now stock is following the good price action.
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As you can see in the chart, Tata consumer taking the correction after every bull move.
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So for tomorrow, stock will test the 829 levels it is a resistance level so maybe share will wait for some time,
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Then will give the breakout, you can buy trade once it cross 829 for the target of 840-850.
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