TATA CONSUMER - LONG Company has great fundamentals.
Sells household products like Tata Tea, Tata Salt, etc.
Price moving in channel as shown. FMCG business, looks good to continue moving in channel and reach target.
Risk to reward: 1 : 2.4
TATACONSUM trade ideas
TATACONSUM SPOT SWING VIEWTATACONSUM SPOT LOOKING GOOD FOR LONG.
Best Entry Level (550-56) for mention levels.
VIEW NEGATED BELOW - 519 (DCB).
HOLDING PERIOD - 06 TO 09 MONTHS.
higher lows and higher highs it forms higher highs and higher lows in daily chat. after came down it bounced back and hitting towards 670. rsi is above 50
Tata consumer Long Side well, I have entered at 644.50 as seen inside break as planned for swing trade !!!!
now seen another entry for adding positon's as formed ascending triangle breakout with macd 30 min buy indication
Target 675
my stop loss at 634.50 but new entries can keep at previous 30 min swing low even I am planning to trail sl to my cost after today candle closing !!!!
These days Intraday is getting less profitable as margin rules effecting the volume traded keep your stoploss as per your risk to reward
ALso fmcg sector performing good and metals also for swing trades these sectors are safer rather than in banks , other sector 's
FY21-22 Swing Trade Idea #27: Long on TATACONSUMThis is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
Tata Consumer - For BuyStopping Volume & Accumulation Seen Past few days
Following Trendline & Buildup Seen at Resistance Zone
Break and sustain above 655-656 goes for a buy
with Sl below 635-38
Tgts upto 700 ++
Tata Consumer 9% ReturnCMP : 645
By now with the Stoploss of : 626
Target of : 700
Expected days : 17 to 20
Rejection of support Breakdown in Tata Consumer.In the daily chart, Tata Consumer couldn't able to break the support which confirms its trend on the longer side. One can hold for a target at 680 and a small stop loss of 625 at its support which makes a 1:2 Risk-Reward trade.
Tata consumerNSE:TATACONSUM
taken support at long term trendline (red) and moving up.
it can move to both sides.
CHANCE TO BREAK THE PATTERNNSE:TATACONSUM
If the Trend Down Sell for shorting
if the trend line break you can get buy option
tata consumer longIn this stock we see the pattern movement follow the trend and level and go for upside buy at this level.
