Tata Consumer Product ----------------------------- Price Decline & Volume increase both supporting each other on Daily & Weekly. We can see channel breaks as well. If the price goes down further 781 then we can short.
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...
TATACONSUM Buy-770-771 Sl-750 Target-815 830 860 Will Wait Till Our Entry Price.
EXPLANATION : 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 . If you like this analysis give a Like // Follow for more updates , let me know in comments below :)
Buy for the target of (964-966) near term. expecting 10-13% upside momentum
TATACONSUM 1. up trend chennel pattern breakout done 2. retracementent going up move coming day 3. expect target level
Good volumes confirm the breakout. Wait for retest for a good risk to reward.
🔴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...
Moving in a channel, can go long on trend reversal First target - 680