GreatIt's a very good buy opportunity on this stock.
Reasons for buy-
1. Break and Retest of the broken range complete.
2. Overall uptrend.
Target made with Fib Extension
TATACONSUM trade ideas
TATACONSUM | VERY BULLISH | UPTRENDTata Consumers to be performing Bullish towards the upcoming FY.
Going to be Uptrending for next 4 months.
Target 1 : 927.25 |16 Aug 2021
Target 2 : 1168.75 | 11 Oct 2021
Disclaimer : This is a basic analysis done for educational purpose only. Please trade at your own risk.
Any Feedbacks are nearly welcomed.
A nice Intraday/Swing buyWe can open a buy trade after the retest of the broken trend line.
Reasons to buy -
1. Break of the counter trendline.
2. Bounce from support trendline.
3. As we are tranding in a range so we can also see the share bounced from the support of the range.
Tata consumer 22.06.2021understanding trades through support and resistance ,
trade will remain void if its opens big gap up or gap down.
📊 Tataconsumer Product Limited 🎯 at resistant NSE:TATACONSUM
Tata consumer stock is at bearish harmonic PRZ. In simple language the stock is at resistant.
as per this harmonic pattern stop loss is quite big as mentioned on chart.
CMP= 739.80
Reversal Zone = 741.80 to 772 ( if one can find reversal in this zone they can short this stock as per their trade setup.)
Stop loss = 772 Closing Basis ( if you wanna trade on as per harmonic patterns then you must know what is reversal as harmonic is all about reversal trading. and you have to
follow stop loss one you enter as per your trade set up.)
If you know how to trail stop loss then most of the time you will get swing trades on harmonic reversal ( both side long and short).
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
TATA CONSUMER BREAKOUTThere is a buildup near the resistance and that signifies a possible breakout and continuation of up-trend.
The volumes during the consolidation are also low and the stock has been making a higher lows structure in form of an ascending triangle.
Strong above 718-20,target is 2-2.5%
View is invalid if price breaks the triangle on the lower side.
Support at 695-700.
TATA CONSUMER LONGGood to accumulate in range of 320 to 350 for a target of 480.
SL as per risk apetite.
Tata consumers can go up as it respected the trend lineThere is a trend line connecting October 21st 2020 and 19th March 2021. If you extend it, we can see it has supported the current retracement from 7th May 2021.
According to the fib retracement levels, entry is above 652 .
First and second targets are 670 and 690 respectively.
(Though Tata Consumer Products declined 6% on weak operational performance in Q4, it took support on the trend line and it is gradually picking up the pace.)
Tataconsumer - daily resistance breakoutDaily resistance level is broken.
Look out for Volume to make buy decision at 740
TATACONSUM TATACONSUM (D):- 735.9 CMP LOOKS GOOD FOR MORE UPSIDE :)
1) UPWARD CHANNEL BO. :)
2) Wait for follow-up candle
SAME AS OTHER 2 CONSUMER PRODUCTFOR EDUCATIONAL PURPOSE ONLY
SL AND TARGET MENTIONED ON CHART
ANY THING CAN HAPPEN IN THE WORLD 😂😂
good buy in tata consumTata consum is trading at the crucial level 680 which is acting as a strong resistance.
and also stock is trading at the level of new highs.
buy above 685 for the target of 730
TATA CONSUMERSWING TRADE:
TATA CONSUMER, moving in bullish wedge, and now facing good resistance.
Enter on buy side if close above 725.
