--Breakout stock-- Retest completed
--Buy
--52 weeks high
-- sustaining above 950 can give a big returns
Disclaimer:
- The view expressed here is my personal view
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time...
Tata Consumer is showing cup and handle pattern. One on a larger time frame and other embedded in it. Look for breakout and we can see targets as marked. How to identify break-out, you can refer to my earlier suggestions where I have explained.
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📊 Details
Tata Consumer Products Ltd. is one of the leading companies of the Tata Group, with presence in the food and beverages business in India and internationally. It is the second largest tea company globally and has significant market presence and leadership in many markets. In addition to South Asia (mainly India), it has presence in various other...
Tata consumer has been consolidating in a symmetrical triangle pattern since mid 2021.
The stock has given breakout of the pattern and can be a good positional stock on the long side since FMCG sector is looking bullish
The stock can be added on dips between 800-820 levels with a SL below 755 DCB.
Minimum target in the stock is ATH levels of 889 above which the...
TATA CONSUMER PRODUCTS Elliott Wave view....
TATA CONSUMER Weekly & Daily range, we might see a bit of profit booking in the stock, the stock might come down till 1034, 954 levels, stock has a strong support @ 910
The merger of all businesses of Tata Coffee with Tata Consumer Products, was proposed as part of a reorganization plan
Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Broadening Pattern
📌 Symbol/Asset: TATACONSUM
🔍 Description: Breakout
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
--Breakout stock--Volume was not as expected-so wait for Retest and big volume
--add to watchlist
--52 weeks high
-- sustaining above 910 can give a big returns
Disclaimer:
- The view expressed here is my personal view
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in...
Stock is in a continuous uptrend
Overall volume shows a bullish momentum
Currently there is a breakout after a small consolidation
Vol and atr shows a spike on breakout
Thus there is a short term trade
tgt 1004 ,sl 946
Great chart for swing trading .. minimum stoploss
Invest at your own risk,, i am not register with Sebi.. This chart is according to my technical analysis which i learnt from past years
Tata Consumer Cmp 908 dated 17-10-2023
1. Inverted H&S Pattern, BO only above 921
2. Shooting Star Candle @ Resistance
Sell below 905 target 890-880-870-860-855 SL 925
If get reversed than
Buy above 928 target 950-965-990 SL 905
Both trades possible in whichever way price goes.
It is just a view, please trade at your own risk.
TATA consumer attempt to breakout with huge volume is a good sign of bullishness of the scrip.
Moreover, MACD indicator showing strong trend in this scrip. Hence, one can buy at this level for the target of 1020-50 place strict SL at 880-885.
TATA CONSUMER PRODUCT looking bearish it take multiple time rejection near supply zone.
sell after bellow weekly candle close
please wait for weekly candle close.
NOTE- Only for Education Purpose.
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