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 :)
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.
understanding trades through support and resistance , trade will remain void if its opens big gap up or gap down.
Hey Guys, Exit your Longs in TATA Consumers as there might be some profit booking from tomorrow or upcoming sessions which can drag it to 650 levels then we can make our fresh long positions Follow for more and stay tuned