Tata Consumer Product
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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.
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Trade Setup for 26-04-2022
1) Don't Jump in to trade at...
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 .
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🔴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...
![TATACONSUM: Simple Trade Setup | TATA CONSUMER | 26-04-2022 [INTRADAY]](https://s3.tradingview.com/u/UtaQGX0u_mid.png "Simple Trade Setup | TATA CONSUMER | 26-04-2022 [INTRADAY]")
