TATACONSUM trade ideas
TATA CONSUMER | Long | 1-2 Weeks Target of 566Tata consumer Closed above the resistance line 534.50 which gives target of 566 in short term. few factors indicating the support for target in 1 hr candle you will hammer supported by 50mvg, next when ever RSI turns above 70 mark it given consecutive 3 days of uptrend we can expect from next trading day,
Tata Consumer on possible breakout?Was going through the charts and spotted this.
To all the gurus out there, can this be considered as a possible breakout opportunity?
Tata Consumer product. Excellent setup for swing/positionalThe levels are mentioned in the chart. Please wait for retest of breakout level for better risk-reward ratio.
Long Tata Consumer 1. Price broke above the downtrend trendline and making higher lows.
2. Double Bottom confirmed as the neckline (494.20) broke with a huge volume.
3. RSI Divergence: Price making lower low but RSI making Higher High (see daily chart, low made on 14 Oct and 21 Oct 2020)
4. RSI in Harmony: Price making higher high but RSI making Higher High (see daily chart, high made on 15 Oct and 27 Oct 2020)
buy only above 510
Target 530/560/580
SL 483
#Tataconsumer cash : Looks good above 524.10#TATACONSUMER CASH
26.11.2020
LOOKS GOOD ABOVE 524.10
STOPLOSS 518
TARGET 529-530/535
CMP 520
Tata Consumer- Target 581.0Tata consumer has formed cup and handle formation. If breaks 520 with good volume, can move up quickly for final target 581. Safe trader can book profits at 550 level.
TATACONSUMER - VERY BIG UPMOVE POSSIBLE FROM HEREINTRADAY + SWING + POSITIONAL TRADERS CAN GET IN THE STOCK BECAUSE THE STOCK WITH THE SECTOR IS HIGHLY BULLISH
#TATACONSUM WEEKLY CHART VIEW!!#TATACONSUM WEEKLY CHART VIEW!!
Tata Consumer Products Ltd. is trading above mid bollinger band.
Technical indicators are mild bullish.
If price trades above weekly high 524, near by resistance is 570 and if price closes below mid bollinger 498 near by support is 460 on weekly chart.
TATA Consumer Stock is taking support at 495 on Daily and 465 on Weekly charts. Recent high is 525 and likely to be taken out soon. Targets 525, 535, 555, 575. 595 is 100% FIB retracement,
