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.
Tataconsumer
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.
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.
Tataconsum | Breakout & retracement 🎯⭕ swing Trading opportunity ! 1hr Chart Alert !!!⭕
-- Buy above =610 or CMP
--Target = 620.90
--Stop-loss = 632
--R:R =3.5
-- Lot size = 1350
--Expected Profit = 30k (3.8% )
--Expected Holding = 10 days only
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⭕Technical Reasons to trade or Strategy applied :- ⭕
1) breakout from resistance & retested
2) Volume is perfect.
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TATA CONSUMER | Long | 1-2 Weeks Target of 566Tata consumer Closed above the resistance line 534.50 which gives target of 566 in short term. few factors indicating the support for target in 1 hr candle you will hammer supported by 50mvg, next when ever RSI turns above 70 mark it given consecutive 3 days of uptrend we can expect from next trading day,