Tata Consumer Cmp 908 dated 17-10-2023
1. Inverted H&S Pattern, BO only above 921
2. Shooting Star Candle @ Resistance
Sell below 905 target 890-880-870-860-855 SL 925
If get reversed than
Buy above 928 target 950-965-990 SL 905
Both trades possible in whichever way price goes.
It is just a view, please trade at your own risk.
TATA consumer attempt to breakout with huge volume is a good sign of bullishness of the scrip.
Moreover, MACD indicator showing strong trend in this scrip. Hence, one can buy at this level for the target of 1020-50 place strict SL at 880-885.
TATA CONSUMER PRODUCT looking bearish it take multiple time rejection near supply zone.
sell after bellow weekly candle close
please wait for weekly candle close.
NOTE- Only for Education Purpose.
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TATA CONSUMER looks week after supply zone and closed bellow so i am planning to go in it short after this target of 802, 760 and 732 with taking a stop loss of 881.
TATACONSUM | Trendline + Flag breakout - Looks potential for 20-25% short term based on this daily time frame setup
CMP : 882
SL : 820
P.S : Valuation wise highly expensive stock, please take stoploss seriously if taking based on this setup.
📉 Alert! Bullish Pattern Spotted!
📊 Pattern: Rising Channel
📌 Symbol/Asset: DEEPAKNTR
🔍 Description: Stock is in a Rising Channel and there is a Law of Polarity also. It might act as a support. And best buy zone is lower support of channel.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just...
📌Chart Simplified
✅Keep an Eye
TATACONSUM
+ After an uptrend formed a base in a Rectangle
+ Volume contraction during the base
+ Trading above Key EMAs
+ Getting ready for a BO
BUY TATA CONSUMER ABOVE 890
SL 820
TARGET 1: 958
TARGET 2: 1026
TARGET 3: 1094
For positional target
Expecting trend continuation in FMCG sector
Tata Consumer formed flag pattern on Monthly time frame
Tata Consumer formed Head and Shoulder pattern on weekly time frame
Tata Consumer give flag pattern breakout on daily time frame with Volume
In the Weekly Chart of TATACONSUM ,
we can see that, it has given Trendline breakout but it is not strong.
Let it retest the Trendline or enter on retest with Candles Low as SL.
Expected momentum is shown in chart.
