TATACONSUM trade ideas
📊 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: Target 800!!I had created the Monthly, Weekly, and Daily Support. The stock is at the Daily & Monthly Support; so it acts as a good resistance but this stock has an of Foreign investors so it may result in a panic sell-off due to US news.
Quantity Traded:21,54,261
Deliverable Quantity (gross across client level):5,91,340
% of Deliverable Quantity to Traded Quantity:27.45 %
Holding Ratio: Deliverable Quantity (gross across client level)/Quantity Traded
: 5,91,340/21,54,261 = 0.27449784404
Options Rs46,600 profit today, levels shared in my channelNSE:TATACONSUM
NSE:CHOLAFIN
NSE:SBIN
NSE:INDUSINDBK
Every day morning I used to share the option calls in my channel.
From august onwards, I will continue posting charts in my new id: "marketorder09" only.
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ATB Riches !!
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.
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