Get started

Tataconsumerlong

Simple Trade Setup | TATA CONSUMER | 26-04-2022 [INTRADAY]NSE:TATACONSUM Observations: 1) On 1day time frame, it is near critical level of the range. If it gives breakdown then we can see a good downfall and if it takes support from it then the bounce up will be good. Please refer below chart : 1day time frame. ------------------------------------- Trade Setup for 26-04-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:TATACONSUM
by Trading_hawk
Tata Consumer - Breakout after 1 year🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade Comments
NSE:TATACONSUMLong
by PrakWorld_Traders
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