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TataCoffee buy abv 114 for 120,127 Sl 109 - Descending triangle
TATA Coffee has now crosses and sustained 50 day EMA. Now the next hurdle is a TL resistance. Good value stock and Recovery of kerala floods should push the stock towards 145 levels.
Levels mentioned in the chart
PERFECT | RISE ON | FALL ON | DAILY
Seeing Raising Wedge in Tata Coffee, weekly
Buy Tata coffee at every dip till 165
current price is 174
target is 225+
Tata Coffee has broke out from symmetrical triangle on Friday. It can be bought now with a stop loss of 150 and target of 176. This trade is slightly riskier as the highs of 2013 around 165 might act as resistance.
Huge gap up happened thanks to Porinju which is quite screwed and now it is back at the decent level from where it can be bought again with a decent stop loss.
Watch out for Tata coffee. Stock has formed cup & handle pattern b/w 80 and 150. If sustains above 150, can give 70 rupees upside till 220.
Coffee is the common man’s gold, and like gold, it brings to every person the feeling of luxury and nobility. -Sheik-Abd-al-Kadir, In Praise of Coffee (1587)
As Tat coffee has given breakout or trendline & touched Fibonacci level. closed above 151 can give move upto 165 with a SL of 145 on closing basis.
Tata Coffee : Symmetric Triangle Break out on weekly chart and on verge of channel break out on daily chart
Tata Coffee has broken the rising wedge pattern today, it may further go downward to short term support 117. Short TATA coffee at slight high price with target of 117.
NSE:TATACOFFEE has given a 50 SMA breakout with huge volume. The stock should be in action in the coming days.
Trade ideas are welcomed by fellow traders.