TATACONSUMERDescription:
Stockname :TATACONSUM
Chart Pattern : Uptrend triangle pattern
Time Frame :1D
Entry : Trainagle Breakout
Target: T1 :900 T2 : 982
TATACONSUM trade ideas
TATA CONSUMER | CUP & HANDLE PATTERN | WITH EXPLANATIONLet's first talk about the conditions for CUP & HANDLE PATTERN :
Cup patterns can last from 7 weeks to as long as 65 weeks, but most of them last for 3 to 6 months. ✅
The usual correction from the absolute peak(the top of the cup) to the low point of this price pattern varies from around the12 to 15% to upward of 33%.✅
The bottom part of the cup should be rounded and give the appearance of a "U" rather than a very narrow "V".✅
The formation of the handle area generally takes more than 1 or 2 weeks. ✅
Volume may dry up noticeably near the lows in the handle's price pullback phase.✅
The handle should also be above the stock 10-week moving average price line.✅
When a stock forms a proper cup-with-handle chart pattern and then charges through an upside buy point, which Jesse Livermore referred to as the "pivot point" or "line of resistance", the day's volume should increase at least 40-50%. ✅
Nearly all proper bases will show a dramatic drying up of volume for one or two weeks along the very low of the base pattern and in the low area of few last weeks of the handle. ✅
According to the pattern, the price target is 890 , but as a safe trader, I would consider the first target to be 850 because there might be a possibility of a triple top , and I would reduce my position sizing to half as it reaches 850, and would add as it breaks 850-855 level.
Stoploss - 750
Disclaimer: The analysis is for educational purposes. Please do your due diligence before making decisions.
TATA CONSUMER TATA Consumer Weekly Chart
Breaking out a triangle
Took a support at 26 SMA after results reaction
TATACONSUMNSE:TATACONSUM
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Tata Consumer 4hr time frame Tata consumer is near its demand zone.
A possible bounce can be expected at price level near ₹754.
TATA CONSUMERTata consumer just closed below the trendline , can see more down side . make short for 760 with stop loss of 795
Golden Cross :Tata ConsumerWait to buy after following signal only.
1. Price may touch 200 SMA i.e near ₹765 in coming week.
2. After this support if green candle appear , new buy signal will come as per golden cross rule.
3. Near ₹765 fib. Support is also there.
4. When price will touch ₹765, it may touch RSI 40 and will reverse from there.
This not a recommendation, plan your trade as per your strategy and analysis.
TATA CONSUMER - 4th August 2022Trading Range of 820 - 790 breaks on downside.
Bears in dominant posistion as long as 820 does not break on upside
Short Term pick ✌✌This scrip is expected to give short term return in the coming days. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏
TATACONSUMER 15M HEAD & SHOULDER SETUPA head and shoulders pattern—considered one of the most reliable trend reversal patterns—is a chart formation that predicts a bullish-to-bearish trend reversal.
sell trade with high risk and reward risk and reward ratio is good and price is near trend line so took the trade
Tata Consumer is a Buy based on daily chartTata Consumer NSE:TATACONSUM CMP 804, has a strong supply zone at 832, 852 and 885 rupees. once it crosses these resistances, it may go up to 950 very fast. unlikely in August series, because of general headwinds in FMCG food sector.
Standard disclaimer applies. Kindly provide feedback.
TATA CONSUMER - 22nd July 2022Stock approaching Resistance zone 850 - 814.
Bears can try to push prices down while bulls initiate taking profit from these levels
TATACONSUMNSE:TATACONSUM
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Tata Consumer's new rally about to beginThe stock is returning from a great support and witnessing a double bottom pattern with having a break out with huge moment and now it's ready to hit the set targets. First two will be easy to achieve, I suggest to trail a stop loss after hitting the second one.
Peace out :)
Love
Jerry
TATA CONSUMER:- double bottom clear double bottom breakout on weekly chart
See chart for more
disclaimer :- this is for demonstration and educational purpose only. this is not buying and selling recommendation
TATA CONSUMER swing 15-18JulyIt broke a major resistance level with decent volumes. I took a 1:2 position at 3:29 PM just before closing. First tgt- 826.15 and if it crosses that level then 2nd tgt-857.65.
However you can also take a position after 9:30AM on 18th July 2022.
Tata ConsumerResistance at todays high.. needs close above todays high with decent volume to turn bullish else can go for shorts with days high
TATA CONSUMERNSE:TATACONSUM
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Tata consumer products- Focus on Tata consumer Products - Good bullish movements with good volumes
Can go for long if opens & sustains above 765 with previous highs as target
Price Action Analysis Tata Consumer Price Action Analysis Tata Consumer. The complete chart analysis on the basis of price action is given. Check by yourself for all the levels before making trade.
TATACONSUMER - Can rally further TATACONSUMER - Looking strong for a rally. Could cross 800 if market is strong
