TATACONSUM trade ideas
#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,
Tata Consumer - weekly ChartChart is highly Bullish on Higher Time frame...3 consecutive green candles along with TAIL confirm that bears are weak...initial targets 540...will review chart next week....
TATA CONSUMER Bear Pennant PatternCan you see the Chart is speaking very clear?!
- 38.2% Fib retracement done from the Tops, and the Pennant was Counter trend in nature with a 3 Wave Advance
- On 10th November, we got confirmation to Short, Price also closed below 5 Day EMA and it has turned down sloping now
- Also notice how Price cannot sustain above Anchored VWAP from the Tops
- Price is heading back to 440- 420 on the downside
- Bearish view negates above 520
- Enjoy the Downride and avoid Longs since it was just a Pullback within a Bear trend
TATA consumer 1D chart forming a triangle tradeonly when u get a proper breakout or reversal, please support my views
TATACONSUMDecisive break below 501 one can expect 493/483 levels
Stop loss : 508
Disclaimer:
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position.
REVERSAL HEAD & SHOULDER PATTERN!By my view Tata consumer is making REVERSAL HEAD & SHOULDER pattern,it has chances to touch 519 level after breaking resisitence line,stop loss at 497 level.
This analysis is for EDUCATIONAL & INTELLIGENCE pourpose,trade at your own risk!
tata consumer took internal trendline support, A took 5 days, B took 5 days, B failed to retrace A even 0.38, upward zigzag patern
[ POSITIONAL ] TATACONSUM SHORT BETMini - Double Top + Bounce + Channel
r : R ratio is 1 : 2
Rest as per Charts
TATA CONSUMER - GOOD R:RTATA CONSUMER
SELL NEAR 500 505 WITH VERY SMALL SL ABV 510
POSSIBLE TGT OF 460-65
Intraday (4-11-2020) - TATACONSUM important levels for 4-11-2020IMPORTANT INTRADAY LEVELS FOR 4-11-2020
TATA CONSUMER to take long entryTata consumer in uptrend on monthly. Weekly & daily retracement. Expected to move upward . Long above 506 Target 550-555 SL 477. Above 20 EMA. RSI positive divergence. This is for your educational purpose only.
#TATACONSUM WEEKLY CHART VIEW!!#TATACONSUM WEEKLY CHART VIEW!!
Tata Consumer Products Ltd. witnessed breakout from the falling wedge and likely to see further momentum above swing high of 505 level.
Technical parameters looks positive as of now.
Keep a watch.
