#Tataconsumer, highly upside potential candiate..After the completed Inverted H&S pattern , now creating C&H pattern.
TATACONSUM trade ideas
TATA CONSUMER! Crucial Zone for Consumers.- One of the Leaders in FMCG.
- High P/E (89). Low ROE (8.3)
- Decent but Consistent Growth.
- May form a handle (Cup & Handle) and then break the resistance.
- Keep an eye on the price movement.
- Technical Indicators are marked in the chart.
For educational purposes only. Not a buy/sell recommendation.
TATA Consumer P&F, C&H Pattern formations, targetsTATA Consumer might be in the last impulsive wave 5 (in blue), where it seems to be in wave (iii) (see wave in green) of wave 5.
Can see a P&F pattern formation (see pole in orange color) and with that target must be in between 1355-1404 range.
Also it will complete C&H pattern on 1256 and with that target will be around 1494, that could be end of impulsive wave 5 and then the stock might go in correction cycle.
For now it can be traded as per P&F pattern and if things goes well and it closes above current LTH(1256) then wave theory will be applicable for higher targets till 1494.
** This is not a trade advice, please do your own analysis before taking any trade and keep stop loss.
tata consume Elliot wave view - may consider at corrective wave 4
- use fib retracement level for reference
This analysis is my own idea.
I don't recommend taking trade based on this idea.
consult your SEBI registered adviser to Know the market risk before trade.
in.tradingview.com
Tata Consumer Date 24.07.2024
Tata Consumer
Timeframe : day chart
Remarks: Created double top zone, retracement & breakout is healthy
Else wait for it to return from channel
Regards,
Ankur
Tata Consumer Ready for 15% Upside !!The stock has just finshed minor 4th wave of the major 5th wave. We may see an explsoive move on upside in the form of impulse. The risk reward is very good (~ 1:3.5)
The wave counting, entry, stop loss are indicated on the chart
Disclaimer : The above analysis is only for educational purpose. Please consult your financial advisor before making any investment decision
VIEW ON TATACONSBreakout on the stock
Target 1225/1290
Stop loss 1160
I am just representing my views
For educational purpose only.
Reversal Bullish Flag pattern in TATACONSUMTATA CONSUMER PRODUCT LTD
Key highlights: 💡⚡
📈 On 1 Hour Time Frame Stock Showing Reversal of Bullish Flag Pattern.
📈 It can give movement upto the Reversal Final target of Above 1148+.
📈 There have chances of breakout of Resistance level too.
📈 Can Go Long in this stock by placing a stop loss Below 1129-.
Tataconsumer product after retrecement FMCG showing bullish trend, One can enter in Tataconsum at 1145 with traget 1200.
There is symmetrical triangle formed on one hr fram
Tata Consumer Inverted Head & Shoulder with consolidationFormation of Inverted Head & Shoulder is a bullish sign.
Length of head from neckline is the desired target.
Also consolidated and trend reversal.
Tata consumer-A strong flag breakout in this FMCG stock!Tata consumer has given good breakout after a decent flag consolidation.
Stock can fly towards ATH and also make a new ATH soon. Keep in watchlist.
Amazing risk reward at CMP and relatively safe stock for long term.
TATACONSUM, Breakdown of Descending Triangle PatternThe price has given a strong breakdown of Descending Triangle pattern. Also the degree and nature of separation in bands also indicates a downtrend. Hence we are in a downtrend and the price could test the lower levels of 1,048 and if broken then 1,028.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
TATA CONSUMERS - Price analysis & observation!1. RRR is not favourable.
2. Need some consolidation for next big move continuation.
3. Avoid for now for me.
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
Tata Consumer Weekly trendline BO
Retest to previous Support line
Price @ 1125
Buy @ 1125
Target- 1160
SL- 1105
TATA CONSUMER - Swing Trade Analysis - 11th June #stocksTATA CONSUMER PROUCTS (1D TF) - Swing Trade Analysis given on 11th June, 2024
Pattern: FALLING WEDGE BREAKOUT
- Resistance Breakout - Done ✓
- Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation - Done ✓
* Disclaimer
tatacommtatacomm is facing resistance in the range of 1165 to 1175 if cross this range than the target is 52 week high as mentioned in the chart
TATA CONSUMER FALLING WEDGE PATTERN hello friends as you can see that day market making falling chart pattern and breakout up site with good volume its most probability market will go up site this stock for only short term not for investment weekly income you can earn i hope you like my idea thank you.
BULLISH BREAKOUT IN TATACONSUMERBuy TATA CONSUMER 1145 till 1090 for 1220 to 1300. Good bullish divergence on MACD happening. Just range breakout pending after which stock will move its own way. Stock taken good support at 200EMA and bounced sharply with volumes.
View invalid below 1080 closing on two days basis.
TATACONSUM - SHORT?One has to be brave to call a Short in this stock. It's a market favourite plus part of Nifty 50. Still looking at the chart and options data, I'm wondering if the bearish H&S pattern will actually play out, or not? But to me it looks like sell on rise until it closes above 1125.
At the time of writing 2:40pm on Fri 03May'24: CMP 1097
Highest calls are at 1200, then at 1150 and most are holding still!
Highest puts are at 1100, then at 1050 and most are holding these as well!
So the jury is still out on who will win but it's tilting towards call writers so bearish...
The duration of Right shoulder is almost equal to that of the Left shoulder. That signifies that the stock is ready to zoom down 'any day now!' Notice that the neckline is around 1080. The height formed from neckline to the peak is approx. 186 points. That tell us that if TATACONSUM breaks below 1080 'convincingly' then eventual target could be 896. But I think that's a bit of a stretch as of now.
There are many supporting indicators on different timeframes too but I'll leave that to you guys to analyse. :))
Sticking my neck out now:
Once it closes well below 1080, first target would be 1050.
If the market is also pretty bearish (anything can happen), then the next target would be 980 where it touches the channel top formed before.
Beware that this stock has a tendency to jump or dip fast. Let's see how it all pans out...
Disclaimer: I am not a SEBI certified anything :) so this is for chart enthusiasts like me for educational purposes only.
