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Tataconsumer

FY21-22 Swing Trade Idea #27: Long on TATACONSUMThis is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
NSE:TATACONSUMLong
by onerighttrade
Tata Consumer FuturesTata Consumer Futures LTP - 679.15 Support - 655.20 Resistance - 697.75 Daily charts (long term) A strong bullish pattern called triple bottom has been formed in the RSI. 5, 10, 20, 50 and 100 DEMA are aligned perfectly. The chart is moving in an uptrend. MACD is sideways in the bull zone. Hourly charts (medium to long term) The 20, 50 and 100 DEMA is in an uptrend and the candle is taking support on the 20 DEMA but 5 and 10 DEMA have formed a cluster. MACD is bullish. RSI has taken support at 50 mark and has formed a bullish V pattern. 15m charts (short term) Candles have made a Marubozu White which is a bullish candle but we cannot depend on it as we don't have a confirmation candle yet. 50 and 100 DEMA are aligned well but 5, 10 and 20 DEMA does indicate a side or an unconfirmed trend. MACD is falling but the red bars are fading. RSI is very close to 50 mark so we will consider it neutral at this point. Final overview: We can go long at 672 / 675 levels. 697.75 can we considered as a breakout level and once the charts cross and trade above 698, we might see a strong upmove in Tata Consumer.
NSE:TATACONSUM1!Long
by virralthakkaar
Shorting Opportunity in TATACONSUM ? If Crosses below 639!All important resistance and support zones are clearly marked on the charts. And we can clearly observe in the charts that in TATACONSUM for the period of time 640-45 was acting as very strong support. As two red trendlines are seen along with market sentiments expecting this time to break below that thus giving us the short entry. So for safer side it's good to wait and watch till 439 is not breached. Review before trading and do share valuable feedback or something missing in charts!
NSE:TATACONSUMShort
by Akashyadav92