Levels mentioned in the chart
PERFECT | RISE ON | FALL ON | DAILY
Seeing Raising Wedge in Tata Coffee, weekly
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.
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.
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)
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.
Buy Tata Coffee with a Stop Loss of 131 and Targets of 168 and 213
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.