Tata Investment Corporation Limited - Long Setup, Move is ON...#TATAINVEST trading above Resistance of 4427
Next Resistance is at 6095
Support is at 3410
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
TATAINVEST trade ideas
Resistance BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking for long term.
TATAINVESTVolatility Contraction Pattern is popularized by Mark Minervini, who is a two times US Investing Champion. Last year he won the championship with a record-beating 300+% in the year. He primarily uses VCP for his trading setups. It is a twist on the ascending triangle pattern with some variation.
It has the following characteristics:
The Stock must be in stage 2 uptrend.
A period of price consolidation must take place in thebase.
Price consolidation occurs after a stock has moved up in the price, the consolidation (or correction) is a constructive chart pattern that allows the stock to digest the bullish price movement.
Price volatility must contract through the base (from left to right).
During this period of price consolidation the stock price will correct.
Price must correct through a series of smaller contractions.
Each contraction should be tighter than the last, representing the absorption of more weak holders. Ideally this pattern has between2-4 contractions
Tata Investment's Weekly Breakout- **Weekly Breakout with Volume Surge:**
- Tata Investment recently experienced a breakout on the weekly chart.
- Notably, this breakout was accompanied by a surge in trading volume, signifying heightened market interest.
- **Long-Term Uptrend:**
- The stock has been on an upward trajectory since its initial days.
- This long-term uptrend indicates sustained positive momentum.
- **Strategic Implications:**
- The combination of a weekly breakout and a well-established uptrend suggests a strong potential for continued bullish momentum.
- **Investor Consideration:**
- Investors may find this development noteworthy, indicating potential opportunities aligned with the stock's historical uptrend.
- **Conclusion:**
- Tata Investment's recent weekly breakout, supported by significant volume, adds a compelling layer to its already established long-term uptrend. This could be of interest to investors seeking opportunities in stocks with a strong historical performance.
BREAKOUT, TATA INVESTMENT, 54% RETURNSBUY - TATA INVESTMENT
CMP - Rs. 2471
Target - 1: Rs. 2812
Target - 2: Rs. 3381
Target - 3: Rs. 3806
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Timeframe - 2 months - 8 months
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Technicals - Bullish Flag Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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TATAINVESTi don't know pattern name but may be "curve pattern "
with high volume break-out ..
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“Disclosure : I am not Sebi-registered.” This channel is for only educational purpose. Any profit/loss, I am not responsible. Before taking any trade on our calls,
please consult your financial advisors. Thanks