Swing SetupEXPLANATION : 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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Tataconsumshort
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.
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