TATACONSUM trade ideas
tataconsumerit has given a very strong break out that can lead upto 856
enter at 765 or 762 keep the stop loos of 744
Target of 828
Upside Rallying in Tata Consumer SeenTata Consumer Products Limited is seen in the uptrend except for sudden market crash in the last 2 trading days. It has stiff resistance at 763 to 800 and very good support in the existing levels.
Buy above Rs.720/- for a swing target of 730 / 745 / 760
Tata Consumers looking good for Swing!!NSE:TATACONSUM
TATACONSUM took a good correction from its high
and took a support from lower levels and is now
looking good for taking a swing trade in Equity or futures.
It seems bullish as per chart and also RSI divergency is bullish
also volumes are seems to be much bullish as they are
much higher then past 90days.
One can consider buying it now on CMP or on retracment if comes.
It can be brought in futures and Equity both at your own risk.
targets will be as per given in chart and stoploss will be
below 720 on day closing basis.
Happy investing....!!
NOTE - THIS TRADE IDEA IS ONLY FOR EDUCATIONAL PURPOSE
WE ARE/WOULD NOT BE RESPONSILE FOR ANY PROFIT OR LOSS
Tata Consumer ready for the uptrend!🤩💸🔥Buy Tata Consumer Products for Positional Trading as well as Investment💸🔥💸
Comment your views!!!🧐🤔🧐
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✅Both TECHNICALLY and FUNDAMENTALLY strong stock.💪💪
The company posted the best QOQ & YOY result and will very likely post a similarly strong result in Q3 too.
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💡The stock is in a long term uptrend. From Sept 2021 it was in a retracement phase. Now, with volume breakout of major level (740), retracement seems to have been completed and stock is poised for a strong rally from current levels.
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💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Buy QUALITY stock.
2. Buy RIGHT, Sit TIGHT- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar fundamental issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector.
4. Build position GRADUALLY as the stock RISES.
5. Trade in the DIRECTION of the BIGGER trend.
6. RIDE the TREND. Don't sell your WINNERS early.
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LIKE, COMMENT & SHARE 😄😄😄
#Tataconsumer cash : Looks good around 755-757#Tataconsumer cash -Positional call
16 Jan 2022
Looks good around 755-757
stoploss 735
Target 785-790/820
Cmp 762.70
TATACONSUMER _ BREAKOUT Weekly TrendlineHi,
TATACONSUMERS in weekly chart have given breakout in volume. Volume is good higher than weekly moving average.
Basis the trendline it has broke and tested at 700 levels.
Any breakout in price action above 778 shall take it to 900 in short term.
Please note this is based on my analysis kindly do your analysis and take advice from your SEBI registered advisor before investing.
Happy investing.
3RD WAVE SETUPELLIOT 3RD WAVE SETUP
What is Wave 3 of Elliott cycle?
Image result for 3rd wave setup in algo trading
The third wave of the Elliot wave theory is the most visually standing out wave. After the consolidation of the second wave, third wave breaks out. The third wave is a 161.8% Fibonacci extension of the first wave. As it is an impulse wave it is always in the direction of an underlying trend
TATACONSUMER for long term.Tata group is acquiring 68% srake of Big Basket and 1mg. Invest 10% right now just to be safe if prices goes down we can average the prices.
Sell below 722 SL 730 TGT 717 and 709Suggestions are based on my analysis only. Please do your analysis before taking any trade.
TATACONSUMER bullish movestock looks bullish after head and shoulder break down.. resistance around 695 turned support in Jan.
check levels on charts
Next Consumers will come after 800 For TATA CONSUMERHello I think the picture is more clear here Sure shot buyer will take entry above the channel only till than traders can play these levels and make their profits.
till that time rest for the bulls.
tata consumer - expected behaviour on daily chartthis chart of tata consumer is for educational pupose only.
hope you all liking previous charts pubished for educational purpose.
[ INTRADAY ] TATACONSUM LONG BETrisk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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my way of techincal analysis @ tata consumers tataconsumers will visit 700 marks soon as per my way of analysis..
TATA CONSUMER PRODUCTS Tata consumer products
15 mins chart shows a breakout as per my analysis #tata #tataconsumer
Tata Consumer: Elliot waves Target (Monthly Chart)TATA CONSUMER: MONTHLY CHART (Elliot waves targets)
It's in 4th corrective wave (in progression), it may complete around 600-700 level ( either 24% or 38% retracement of wave 3)
Targets for the 5th impulse wave would be 950,1300,1750 level, 62% of wave 1-3 retracement, 162% of wave 4, wave 5 equals to wave 1 respectively.
Bearish on short term, Long term trend bullish.
Roughly 12-18 months for the long term target
Sell below 703 SL 717 TGT 687 and 673Suggestions are based on my analysis only. Please do your analysis before taking any trade.
