Trade Alert : Tata Consumer Product, breaking out with INHS Technical Analysis:
Trading Above 20 EMA : good for short term
Broken out from INHS pattern with good volume
Good Volume
Trading Setup
Buy at cmp unless gap down opening
Target would be :1026-1060
short Term SL would be : 955
Risk Reward Ratio : 2.6
Note : Market is volatile nowadays, so keep your size as per risk appetite
Tataconsumerview
About to Break Key LevelsNSE:TATACONSUM about to break key levels with nearing completion of a cup and handle chart pattern on Daily time frame, Good Accumulation Seen from July to Sep. 2024 around Post Rights Issue to Acquire two companies Capital Foods (Ching's) and Organic India to strengthen their product portfolio further. 1154-1168 Will be a Good Zone to add or wait for the breakout of 1255 Levels.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.