TATA CONSUMER ANALYSIS#DESCENDING TRIANGLE FORMATION
#FOLLOW MONEY MANAGEMENT & RISK MANAGEMENT
#FOLLOW SHARE LIKE FOR DAILY ANALYSIS
Tataconsumer
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.
Tata Consumer nearing a Bullish BreakoutTata Consumer is forming an ascending wedge pattern and is likely to breakout above 680. Looking good for a short term target of 740-750.
Tata Consumer Broken ReistanceTata Consumer Broken Reistance.
One can go for Long above 680 Target 720/760/800/840/900 stoploss 640
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!
short term opportunity check for reversal candles to confirm buy or more bearish candles for sell opportunity.
TATA CONSUMER PRODUCTS "SWING TRADE"Tata consumer is standing at very crucial support once the ressisrance is broken and sustained we might see an up-move.
Short tata consumer Short at 602 or macd 15min sell indication expect
( As the fmcg sector is following the downtrend could help give momentum )
Sell = 602
sl = 605
target = 681-682 ( 3% target )
midcap, midcap, midcapindex at all time high but stock are not. the line adjacent to base is sl and target can be 2013 or 2018 highs.
Tata Consumer AnalysisA beautiful uptrend breakout followed by a retest.
Highly bearish stock.
Short below 614 !
TATACONSUMER BREAKOUT TATACONCUSUMER once again tried to break its all-time high of 635, overall momentum looks positive, it should break its ATH of 635, and continue the momentum giving good gains.
As per reports TATACONSUMER will be included in NIFTY50 from 31st March. I think that should be the push this stock needs to break its 635 resistance zone.
PS: I'm a College Student, not a broker, I'm not qualified enough to suggest people trades. I'm a student to take a keen interest in the Stock Market during the lockdown. These are for educational purposes. Please do share your views, I am still learning.
TATA CONSUMER || BROKE IMPORTANT SUPPORT ZONE || SELL NOWHi! One should always trade what they see and not what they feel.
After looking at the news where Tata has bought a good stake in Bigbasket (I am bullish for long term) but looking at the charts they tell me to short as it fits my checklist.
I might be wrong or right but what matters the most is how much you are willing to loose...
Happy investing.
Movement of TATACONSUMER TATA CONSUMER LOOKS GOOD ON TECHNICAL CHARTS RESISTANCE AT 635. POSSIBLE GAIN IF CROSSES 635.
PS: I'm a College Student, not a broker, I'm not qualified enough to suggest people trades. I'm a student to take a keen interest in the Stock Market during the lockdown. These are for educational purposes. Please do share your views, I am still learning.
Tata Consumer Products Short termThe stock is trading above it's support zone of 588 and is looking good for short term. It can be added for a minimum target of 625. It might even go higher. 609 is a minor hurdle.
Target - 681, Cup & Handle formationThe Tata Group is in the final stages of acquiring a majority stake of 68 per cent in Supermarket Grocery Supplies, which runs and operates online grocery brand BigBasket, for about Rs 9,300-9,500 crore, said a source close to the development. The deal — biggest in the online grocery space so far—values BigBasket at Rs 13,500 crore (around $1.85 billion). This comes about 20 months after the Hari Menon-led Bengaluru company had entered the unicorn club (companies with valuation of at least $1 billion).
The deal, which is expected to close in the next four to five weeks, will give exit to investors Alibaba, Abraaj Group and IFC. The parties are awaiting approval from the Competition Commission of India (CCI).
Stock is also forming Cup & Handle.
Tata Consumer :: Breaked the resistance of 614In the hourly chart, we can clearly see that Tata Consumer Products has broken the resistance of 614 with high volume. Take long position guys for the target of 636 .
TATA CONSUMERSPerfect 50% retracement can be seen in the stock getting ready for breakout..//
( only for educational purpose)
