There is a buildup near the resistance and that signifies a possible breakout and continuation of up-trend.
The volumes during the consolidation are also low and the stock has been making a higher lows structure in form of an ascending triangle.
Strong above 718-20,target is 2-2.5%
View is invalid if price breaks the triangle on the lower side.
Support at 695-700.
Tata 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...