TATACONSUM trade ideas
Tata consumers can go up as it respected the trend lineThere is a trend line connecting October 21st 2020 and 19th March 2021. If you extend it, we can see it has supported the current retracement from 7th May 2021.
According to the fib retracement levels, entry is above 652 .
First and second targets are 670 and 690 respectively.
(Though Tata Consumer Products declined 6% on weak operational performance in Q4, it took support on the trend line and it is gradually picking up the pace.)
Tataconsumer - daily resistance breakoutDaily resistance level is broken.
Look out for Volume to make buy decision at 740
TATACONSUM TATACONSUM (D):- 735.9 CMP LOOKS GOOD FOR MORE UPSIDE :)
1) UPWARD CHANNEL BO. :)
2) Wait for follow-up candle
SAME AS OTHER 2 CONSUMER PRODUCTFOR EDUCATIONAL PURPOSE ONLY
SL AND TARGET MENTIONED ON CHART
ANY THING CAN HAPPEN IN THE WORLD 😂😂
good buy in tata consumTata consum is trading at the crucial level 680 which is acting as a strong resistance.
and also stock is trading at the level of new highs.
buy above 685 for the target of 730
TATA CONSUMERSWING TRADE:
TATA CONSUMER, moving in bullish wedge, and now facing good resistance.
Enter on buy side if close above 725.
Exit your longs in Tata Consumer ProductsHey Guys,
Exit your Longs in TATA Consumers as there might be some profit booking from tomorrow or upcoming sessions which can drag it to 650 levels then we can make our fresh long positions
Follow for more and stay tuned
TATA CONSUMERS RISING WEDGE PATTERNRISING WEDGE PATTERN
WEEKLY PATTERN
ENTRY - 690
STOPLOSS - 725
TARGET - 555
Rising Wedges are bearish pattern
Rising Wedge Patterns forms with Higher Highs and Higher Lows.
Rising Wedge pattern basically forms in two shapes -
1) If rising wedge pattern forms in an uptrend it will make reversal and
2) If rising wedge pattern forms in a downtrend it will make continuation.
The higher highs and the lower lows along makes a trend resistance and trend support. When breakout occurs downside, price breaks the trend support line
Tata Consumer - Positional ViewTata Consumer : Positional
Good Breakout, Sustaining is crucial
Long above 708 with a SL 675
TATACONSUMER Looks Good !!!TATACONSUM : cmp : 686.95
Trading near the resistance levels of 689. If it surpass and sustains above the BO lvl a fresh buying move possible in the short term.
So keep on radar ..
TGT 698.75/708.55/719
Sl 669 clbs
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
