Tata Consumer - PossiblitiesStock mostly sideways to downtrend
Right now trading in Hourly Range
Standing at strong resistance area 965 - 975
If broader markets stay bearish to sideways, high possibility of stock turning bearish from the mentioned area till 950 or lower
If it goes bullish then its sure to stop near 980 to 1000 area, as that area is resistance plus flip zone
From 1000 it is bound to go lower till 960 - 940
Tataconsumsell
Shorting Opportunity in TATACONSUM ? If Crosses below 639!All important resistance and support zones are clearly marked on the charts.
And we can clearly observe in the charts that in TATACONSUM for the period of time 640-45 was acting as very strong support.
As two red trendlines are seen along with market sentiments expecting this time to break below that thus giving us the short entry.
So for safer side it's good to wait and watch till 439 is not breached.
Review before trading and do share valuable feedback or something missing in charts!