Stock have been in a Channel from Jan 20 , while having 3 Resistance and support level in weekly time frame. From the above chart can be concluded that price breaks 690 levels that Stock will go in uptrend. For educational purpose only.
Moving in a channel, can go long on trend reversal First target - 680
In 15m time frame Tata Consumer Products is forming a cup and handle pattern. Crucial resistance is 656. If it sustains above it with a good volume expect targets of 670 and upwards in near future.
For intraday trade after breakout.
TATACONSUM SPOT LOOKING GOOD FOR LONG. Best Entry Level (550-56) for mention levels. VIEW NEGATED BELOW - 519 (DCB). HOLDING PERIOD - 06 TO 09 MONTHS.
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Stopping Volume & Accumulation Seen Past few days Following Trendline & Buildup Seen at Resistance Zone Break and sustain above 655-656 goes for a buy with Sl below 635-38 Tgts upto 700 ++
CMP : 645 By now with the Stoploss of : 626 Target of : 700 Expected days : 17 to 20
In the daily chart, Tata Consumer couldn't able to break the support which confirms its trend on the longer side. One can hold for a target at 680 and a small stop loss of 625 at its support which makes a 1:2 Risk-Reward trade.
NSE:TATACONSUM ascending trianlge pateern.
NSE:TATACONSUM taken support at long term trendline (red) and moving up. it can move to both sides.
NSE:TATACONSUM If the Trend Down Sell for shorting if the trend line break you can get buy option
#DESCENDING TRIANGLE FORMATION #FOLLOW MONEY MANAGEMENT & RISK MANAGEMENT #FOLLOW SHARE LIKE FOR DAILY ANALYSIS
Good entry on a retracement to 635 - 650 levels.