TATACONSUM Going To Buy The DipTATACONSUM
Buy-770-771
Sl-750
Target-815 830 860
Will Wait Till Our Entry Price.
Tataconsumerproducts
Swing SetupEXPLANATION : This is a 4 hour time frame chart of TATACONSUM . It has formed Inverted cup and handle pattern , If stock give a strong breakdown and broke its demand zone with volumes and has retested the same. I am bearish on TATACONSUM .
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TATACONSUM LONG SETUPTATACONSUM 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.
Tata Consumers Profit Booking Zone
HEY TRADERS,
THIS PREDICTION IS BASED ON A HARMONIC PATTERN AND THE HARMONIC PATTERN IS 100% ACCURATE AND10000% RISKY BECAUSE IT IS AGAINST THE TREND METHOD...
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~Disclaimer: "I Am Not Sebi Registered Advisor" All views and charts shared in this terminal are purely for knowledge and information purposes only.
TATACONSUM Bullish Trend Alert TATACONSUM
1. up trend chennel pattern breakout done
2. retracementent going up move coming day
3. expect target level
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
Tata Consumer Breakout with higher volumeTata Consumer Breakout with higher volume on daily chart, expect the upmove to continue
RSI still below 70 showing still headroom there for higher moves
Short term support at 780 levels
Mid term support @ 750 Levels
TATA CONSUMER at breakout, W PatternNSE:TATACONSUM
TATA CONSUMER looks double bottom and W pattern.
If it sustain above 782-785 then we can see good move
Tata consumer 22.06.2021understanding trades through support and resistance ,
trade will remain void if its opens big gap up or gap down.
Asian paint, Tata consumer , Deepak nitrite,equity option, hedge position, for 21.06.2021.
you may hear some speech fumbles due to having cough and cold, sorry for the inconvenience.
📊 Tataconsumer Product Limited 🎯 at resistant NSE:TATACONSUM
Tata consumer stock is at bearish harmonic PRZ. In simple language the stock is at resistant.
as per this harmonic pattern stop loss is quite big as mentioned on chart.
CMP= 739.80
Reversal Zone = 741.80 to 772 ( if one can find reversal in this zone they can short this stock as per their trade setup.)
Stop loss = 772 Closing Basis ( if you wanna trade on as per harmonic patterns then you must know what is reversal as harmonic is all about reversal trading. and you have to
follow stop loss one you enter as per your trade set up.)
If you know how to trail stop loss then most of the time you will get swing trades on harmonic reversal ( both side long and short).
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
TATA CONSUMER BREAKOUTThere 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 consumers can go up as it respected the trend lineThere is a trend line connecting October 21st 2020 and 19th March 2021. If you extend it, we can see it has supported the current retracement from 7th May 2021.
According to the fib retracement levels, entry is above 652 .
First and second targets are 670 and 690 respectively.
(Though Tata Consumer Products declined 6% on weak operational performance in Q4, it took support on the trend line and it is gradually picking up the pace.)
TATA CONSUMERSWING TRADE:
TATA CONSUMER, moving in bullish wedge, and now facing good resistance.
Enter on buy side if close above 725.
Tata Consumer Products : Short term buyCan consider for a swing trade with a stop loss below the previous low and targeting the top of the ascending channel for a risk reward of about 2.6.
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.
TATACONSUM --- Ready to takeoff tomorrow.When it crosses the trendline take the long call. It should cross tomorrow morning.
MACD is also ready to crossover
SL about 5% and target about 8 to 10%.
Duration 1-2 weeks.
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.
Tata Consumer :: Breaked the resistance of 614In 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 .
