In 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 .
Hi! 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.
TATACONSUM can given good upside breakout near previous all time high levels.
BUY in the range of 625-630, can move towards upper FIBO LEVELS (MENTIONED IN CHARTS) in coming days.
View Negates below 547 levels.
