TATACONSUM trade ideas
TATACONSUM - Breakout given, Wait for confirmation!!Tata Consumer Products Ltd.
The stock price is showing a bullish sentiment ahead of 381 resistance breakout.
Technical parameters look strong.
***TRADINGEDGE TIME-TREND INDICATOR IS BULLISH***
***TE BANDS ARE IN GREEN ZONE***
If the next candle shows conviction and breaks the high (383.5), the prices will swiftly move up.
Above resistance level (381), the next Supply zone is 397-405. On the downside, the support is the bottom of the Demand Zone (365).
KEEP AN EYE!!
#tradingedge_academy #SMTA_institute
***This is my personal view. Please take advice from your financial advisor before investing.
Intraday Trade - Tata Consumer - LongTata consumer Product - Intraday Call.
Go Long - 371.50
Target - 380
SL - 366
Disclaimer - Kindly do your own analysis before executing the trade
Tata Consumer Products - Bullish StructureAny pull-back near 320 levels will be mouth-watering levels to accumulate, given it holds that zone.
Fundamentally it is a good company and they are launching a new line of products - tataq.com
Excessive Selling at the lower channel.Stock is above 200 EMA.
Stock may try to give a breakdown.
But we'll only prefer selling below 200 EMA, as the stock might bounce back from that level.
BearishPoor results
Strong bearish candle
Immediate support at 350
Strong support at 325
Channel break
Volume spike
Price AccumulationThe price has fallen below the trend line and is now trading within a range. Fresh breakout with volumes above the range can be used for long. Point to take care: Throughout the rally, volume traded is not high.
is it a buy ? Take action with evidencelooks likestock is forming a top for short term..
important level to watch 400-410 on weekly and monthly basis
TATACONSUMERTake trade based on your analysis
Buy/Short just above/below the marked line.
Typically for intraday start trailing your stop loss from 0.5% towards target
Stoploss is based on your capacity
I usually hedge towards the stoploss direction
if price opens between the target and entry line, I usually dont trade that scrip.
TATA CONSUMER PRODUCTSTata consumer looks good to long above the level (357-360) for the targets of (365-367) / (379-83.50) / (400-408)
Tata Consumer Products Ltd. - ANALYSISTata Consumer Products Ltd. is trading ABOVE MID-BOLLIGER BAND.
Technical indicators are BULLISH.
If price trades above weekly high (365) next resistance is (408) and support is 50 day sma (304) on the weekly chart.
ulta pulta tata consumer!! SHORTTATA CONSUMER looking good for breakout .
short below 352 target 345-342
SHORT - TATA CONSUMERShort below 350 with SL around 384 and target of 300.
Disclaimer : I am not a SEBI registered investment advisor. All views expressed are for educational purpose only. Kindly consult you financial advisor before trading or investment. I may or may not have position in the stocks described for trading or investment view.
Tata Consumer - The new kid on the block Tata's FMCG company after merging with a part of Tata Chemicals. One of the lowest valued FMCG companies.
Have a small pullback bias so sharing 2 trades for this setup.
Short at CMP for target of 323. SL 362
If SL gets triggered buy above 365 for target of 400.
Long term bullish, short term fancy a pullback
Disc: I own this stock in my core cash portfolio.
