A Bullish Breakout of On Neck pattern and a Rounding Bottom is visible on the Daily chart of NSE:TATACOFFEE
MACD gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue.
One can create a fresh position in the scrip as per the levels mentioned on the chart.
Risk Disclaimer:
The information provided in this analysis...
Fundamentally good stock,
For long term investment.
Reset chart for clear view.🔃
.
.
Entry: 257
target: 265 - 314
sl: 244
major stoploss/ support: 238
.
Enter only after breaking " Yellow box" mentioned.
Or else wait for some time.
'
;good for long term investment.
'
'
Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency💹
Refer our...
Tatacoffee is looking very hot on charts, get ready to SIP a cup of it ;) If you haven't tasted it...just look at this and see if you like it :)
I am sure it can give a feel of Starbucks
#Tatacoffee
CMP ₹ 265.75
Tata Coffee Ltd is involved in the business of instant coffee,tea,coffee roasting, grinding, blending,curing etc. It is Asia's largest integrated coffee company.According to an article in Business Line about 70% of coffee business is concentrated in South India and Tata Consumer pdts is determined to tap in to India's branded Coffee Market...
TATA COFFEE 2023
Simply pointing some point to study the TATA COFFEE chart.
1. Simply in a uptrend zone.
2. Forming rectangle
3. Above 50 EMA.
4. Q2 result is good
5. bullish for long.
6. Risks & Rewards (2:1)
Conclusion:
My analysis shows potential strong bullish run.
I am not a sebi registered analyst. My studies are for education purposes only.
The stock has been in to consolidation for the past 2 years. With price getting tighter and tighter and volumes getting contracted with the tightness.
1st base was of 45Weeks with 28% range, 2nd base consisted of 40weeks with range of ~21% and current base formed is 15weeks in 12% range.
See the volume contraction from left to the right.
Highest monthly close...
- Company has been maintaining a healthy dividend payout of 22.5%
- PE Ratio is 18 while sector PE ratio is 40.
- Annual Revenue rose 21%, in the last year to Rs 2,880 Crores. Its sector's average revenue growth for the last fiscal year was 21.6%.
- Annual Net Profit rose 78% in the last year to Rs 263 Crores. Its sector's average net profit growth for the last...
