TATACONSUM trade ideas
TATACONSUM - Intraday Trading Setup for 19 Aug 2020Disclaimer: All charts are purely for educational and information purpose. Invest or Trade with the help of your financial advisor only.
Tataconsumer View, Posted on : 16-AugTata-consumer products is still waiting to give a buy or sell signal but keep an eye!
Tata Consumer | BUYThe stock broke out of ₹525 last Thursday, thereby confirming the bull-flag chart pattern. After marking a high of ₹544.5, the price softened and is now finding support of 20-day simple moving average. Since the scrip is in a sharp uptrend, it is expected to extend the rally in the upcoming sessions and so, the current price level seems like good entry area. The pattern indicates a potential rally to ₹600 to ₹610.
TATA CONSUMER - PERFECT TRADE SETUP.The decreasing volume in flag formation gives perfect trade setup for flag formation.
Tata Consum as a Positional Swing TradeIt may show strength in this as well as coming week. 490 is a good support for this stock and it may test 550-580-600 levels.
Tata Consumer ProductsRecommended by ICICI Securities with target of 480.
Trendlines give the buying point
TATACONSUM - BOUNCING BETWEEN TRENDLINE 20 EMAWait for the breakout to happen. Enter and catch the move.
TATACONSUM gave investors a 150% return. Traders could catch atleast some movement of it.
Beware : Please keep in mind and stay away from False Breakout Traps.
Also this is not any recommendation, it is only for educational purpose.
Trade at your own risk.
[Buddha] TATACONSUM Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Easy 100 points - Using tech analysisPrice breaks the long time resistance and retests the level to break out big. Almost 100 points movement in no time, this is the beauty of breakouts.
TATACONSUM - WEEKLY CHART!Tata Consumer Products Ltd.
The stock price produce breakout and maintain trading above 438 resistance.
Technical parameters looks strong more higher side above intraday present high 449 may extend bullish sense further more on the higher side.
BREAKOUT - PRICE ACTION TRADE Consider this as a good long term opportunity. But one may look for swing opportunities too by catching the right price action.
Stock is in a strong uptrend making higher highs and higher lows and trading at all time highs.
It has given a good volume breakout on daily chart and the bullish trend seems to continue. It may retest the breakout level and then continue the trend. So wait for the right price action.
Strong support: 430
Disclaimer: Take this view for educational purpose. Trade/Invest on your own risk.
Happy trading. Happy investing!
TATA CONSUMER HARMONIC PATTERN : EXTREME SHARK
REVERSAL ZONES: 453 - 457
TARGET:446,436
NOTE: THIS CHART IS FOR EDUCATIONAL PURPOSE ONLY
Broke symmetrical triangle for LONG. 432 key level.Price is at all time high. Doji at 432 level, if breaks this, can look for buy till first resistance level of 438. If it doesn't retests there, then can look up to 451 and 470.
TATA CONSUMER :- TRADE PLAN 29 JUL ONWARDSContinuation pattern (Ascending Triangle Pattern) shaping up in TATA CONSUMER PRODUCT.
Waiting for breakout & confirmation of the pattern!!!
Levels mentioned on chart.
Trade Plan:
Entry-– 416.45
Target 1 – 430.15
Target 2 – 437.75
Target 3 - 443.40
Strict stop below - 398.75
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind,Jai Bharat
