TATACONSUMER - showing some strength after a long downtrend.
tataconsumers will visit 700 marks soon as per my way of analysis..
It has taken support and is now ready to go UP from its support area.
Tata consumer products 15 mins chart shows a breakout as per my analysis #tata #tataconsumer
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...
Suggestions are based on my analysis only. Please do your analysis before taking any trade.
TATACONSUM important levels for long term investment Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Tata Consumer has breakdown below from descending channel and retraces again, come down with high volume. now ready to do down. Good idea to sell Future/sell CE / buy PE This is just an analysis of 1 hr timeframe.
price action and harmonic study indicated counter is at good demand zone long can be initiated at cmp
TATA CONSUMER - We might consider it for long ? TATA CONSUMER - We might consider it for long ? TATA CONSUMER - We might consider it for long ?
Confluence of 200 EMA and Support Line of Parallel Downtrending Channel Disclaimer: View for Education purpose, not for trading advice.
Buy Tata Consumer Support Area Stock More Analysis Follow Me And Like And Share And Comment
TATA Consumer looks strong… Reasons/Traits : • Today gave a break out from two day inside bars with a big green bar with very good volume • Above 13 and 50 EMA • Price touched 0.618 retracements levels • RSI increasing • Bearish Crab harmonic pattern formation is in place What can happen next : Scenario 1 : Price sustaining above 850/853 levels can take it to...
TATA CONSUMER as per Daily chart pattern analysis was in monthly/weekly consolidation zone. Today it has broken the consolidation resistance level 772. Stock above 774 level target 785 is achievable
As you can see Price is at trenline support Add to wish list and keep an eye tomorrow if breakout happens
Long : If at reversal candle from crucial support. Entry : Rs 750 , Stop Loss Rs 726 Short : If crucial support broken Entry : At retest level Rs 745 , Stop Loss Rs 775 Thanks
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One can buy this stock for short term gain for a favorable R:R