TATACONSUM trade ideas
Tata Consumer: +ve Divergence seen, is correction over?+ ve divergence is seen in RSI, does this indicate completion of correction?
A seen, leftover supply is still pending in zone of 740 to 790.
Price action is suggesting the same and it is facing resistance to cross 740 level.
around 710 could be favorable point for entry with stoploss of recent low made.
TATA CONSUMENSE:TATACONSUM
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Tata Consumer Products Ltd Long @ Rs 725.1 or BelowNSE:TATACONSUM
Entry Rs 725.1 or Below
Target 775+
SL 698.8
Time: 2 Week
CMP 739
Tata Consumer Products Ltd is trading at 739 prices is reaching towards Demand zone. Buy and hold for the 2 weeks.
Disclaimer: the author may enter in trade, take your own decision , This is a trading idea, not an trading or Investment advice
RSI 5 with RSI 14 divergence This stock has made RSI 14 bullish divergence with RSI 5 crossover
in pursuit of forming W pattern
CMP 718
Disclaimer-
Charts are posted only for Educational Learning and for Technical Experience.
This Channel does not provide directly and indirectly any buy/sell/hold recommendation.
Consult your Investment advisor to take any trade
I am not a SEBI Registered Research Analyst or Investment Adviser.
TATACONSUM Fibo Analysis for LONG tradeTATACONSUM on fibo level has completed its retracement of 78% and has moved upside to 61%. Wait for previous day High and enter according to your risk management.
Tata consumer - Strong above 700Tata consumer - Showing strength at 700 mark. Should rally above 740.
Tata consumer making TRIANGLE PATTERNTata consumer is making a triangle formation near its 200 ema at daily tf .
Tata Consmer Products 3 min chartBuying Tata Consmer Products (intraday) if 3min Candle closes Above 741.65
tataconsumerit has given a very strong break out that can lead upto 856
enter at 765 or 762 keep the stop loos of 744
Target of 828
Upside Rallying in Tata Consumer SeenTata Consumer Products Limited is seen in the uptrend except for sudden market crash in the last 2 trading days. It has stiff resistance at 763 to 800 and very good support in the existing levels.
Buy above Rs.720/- for a swing target of 730 / 745 / 760
Tata Consumers looking good for Swing!!NSE:TATACONSUM
TATACONSUM took a good correction from its high
and took a support from lower levels and is now
looking good for taking a swing trade in Equity or futures.
It seems bullish as per chart and also RSI divergency is bullish
also volumes are seems to be much bullish as they are
much higher then past 90days.
One can consider buying it now on CMP or on retracment if comes.
It can be brought in futures and Equity both at your own risk.
targets will be as per given in chart and stoploss will be
below 720 on day closing basis.
Happy investing....!!
NOTE - THIS TRADE IDEA IS ONLY FOR EDUCATIONAL PURPOSE
WE ARE/WOULD NOT BE RESPONSILE FOR ANY PROFIT OR LOSS
Tata Consumer ready for the uptrend!🤩💸🔥Buy Tata Consumer Products for Positional Trading as well as Investment💸🔥💸
Comment your views!!!🧐🤔🧐
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✅Both TECHNICALLY and FUNDAMENTALLY strong stock.💪💪
The company posted the best QOQ & YOY result and will very likely post a similarly strong result in Q3 too.
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💡The stock is in a long term uptrend. From Sept 2021 it was in a retracement phase. Now, with volume breakout of major level (740), retracement seems to have been completed and stock is poised for a strong rally from current levels.
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💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Buy QUALITY stock.
2. Buy RIGHT, Sit TIGHT- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar fundamental issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector.
4. Build position GRADUALLY as the stock RISES.
5. Trade in the DIRECTION of the BIGGER trend.
6. RIDE the TREND. Don't sell your WINNERS early.
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#Tataconsumer cash : Looks good around 755-757#Tataconsumer cash -Positional call
16 Jan 2022
Looks good around 755-757
stoploss 735
Target 785-790/820
Cmp 762.70
TATACONSUMER _ BREAKOUT Weekly TrendlineHi,
TATACONSUMERS in weekly chart have given breakout in volume. Volume is good higher than weekly moving average.
Basis the trendline it has broke and tested at 700 levels.
Any breakout in price action above 778 shall take it to 900 in short term.
Please note this is based on my analysis kindly do your analysis and take advice from your SEBI registered advisor before investing.
Happy investing.
3RD WAVE SETUPELLIOT 3RD WAVE SETUP
What is Wave 3 of Elliott cycle?
Image result for 3rd wave setup in algo trading
The third wave of the Elliot wave theory is the most visually standing out wave. After the consolidation of the second wave, third wave breaks out. The third wave is a 161.8% Fibonacci extension of the first wave. As it is an impulse wave it is always in the direction of an underlying trend
TATACONSUMER for long term.Tata group is acquiring 68% srake of Big Basket and 1mg. Invest 10% right now just to be safe if prices goes down we can average the prices.
Sell below 722 SL 730 TGT 717 and 709Suggestions are based on my analysis only. Please do your analysis before taking any trade.
