TATACONSUM trade ideas
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.
A STRONG BULLISH CHARTTATA CONSUMER LOOKS VERY BULLISH IN THE CHARTS..CONSOLIDATION AT A HIGHER LEVEL IS A GOOD SIGN FOR THE STOCK..IN THE WEEKLY TIME FRAME IT HAS GIVEN A STRONG UPSIDE MOVE WITH RSI AND OTHER INDICATORS SHOWING POSITIVE DIVERGENCE..
TATACONSUMObservations:-
This stock nicely follow
-> 20-200 EMA Cross over multi-bagger medium-term pattern (Signal MEB in the chart)
->5-8-13 EMA Cross over for the short term (Signal 3EB in the chart)
-> 20 EMA works as support resistance for this stock
The indicator is available for testing -
5-8-13 & 20-200 EMA Cross Over
Currently buy reasons
1) Stock closed above 20 EMA
2) 5-8-13 EMA Cross over
3) Falling Wedge broke with rasing RSI
Futures data:-
OI Decreasing Price Increasing - Shor Covering rally- Bearish out of this, bulls need to come
Nov 6th Result is there I guess stock is preparing for that
TATA Consumer products has broken through a trendline with volTATA Consumer products has broken through a trendline with volume above average. Good for going long. NSE:TATACONSUM
Falling WedgeStay cautious as Global Market is negative today.
However, don't forget to let the trade breathe.
Use proper stop loss.
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GOING LONG ON THIS : 567 EXPECTINGI SPOTTED THE MOST POWERFUL PRICE ACTION PATTERN : MARKET MAKERS WILL TAKE PRICE TO 567 RANGE
TATACONSUMER ON BREAKOUTTata Consumer has given a breakout from counter trend which has continued for the past seven weeks. Positive divergence with RSI. Volumes are increasing.
Buy for a target of 590. Keep Stop at 460. Risk:Reward= 4:9.
Disclaimer: I'm not a SEBI registered advisor. For education purpose only.
