TATACONSUM trade ideas
TATACONSUM-Long termStock have been in a Channel from Jan 20 , while having 3 Resistance and support level in weekly time frame. From the above chart can be concluded that price breaks 690 levels that Stock will go in uptrend.
For educational purpose only.
Tata Consumer Products Cup And Handle Breakout LikelyIn 15m time frame Tata Consumer Products is forming a cup and handle pattern. Crucial resistance is 656. If it sustains above it with a good volume expect targets of 670 and upwards in near future.
TATACONSUMER - should test its high Tata consumer - confirming its upmove. Should now move to its all time high
TATACONSUM LongMy analysis is based upon triangle pattern
Buy target - less than 655
sell target - 685 - 690
Kindly wait for nifty and sensex to fall , let the price came down ,
its better to be patience than loss
[Positional] Tata Consumer Cup and Handle BetI hate these setups. I won't trade because SL is too much. You can if you want.
I will do put spread.
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 at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
=======
I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. Please refer to the link to my footer and explore further if You want.
=======
I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
=======
Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
I also do my trades live, Please refer to the link to my footer if you want to tail me.
=======
Tata consumer - should start upmove TATACONSUMER - This should start moving at least 5-7% from here. Making a strong support at 640
long tata consumerIt is moving in a channel and the current position is at the lower line of the channel, wait for today's candle if it is a green candle within the channel, then we can long the stock. Target and stop-loss are indicated in the chart.
Tata comsumer productShow inverted and Shoulder pattern in Tata consumer product at one hour time frame My target is 28 points and my stop loss is 8 points below the low of head and 50 moving average point best opportunity buy for one week or month because at Tata consumer product is at channel in channel under the low it's so inverted Head and Shoulder pattern that is confirm the prize is was on up.
Tata Consumer at a price for accumulationTata consumer getting ready for another leg of up move. If price range of 630-640 is not breached , it will poise for an up move to breach its high.
TATACONSUMHello Traders,
Price reached a level of consolidation.
May see a quick fall at the below mentioned levels.
SELL Oppurtunity ***TATACONSUM*** at 670 for Targets 655/645/ with SL Placed at 685
Regards,
Mind-Muscle
TATA CONSUMER - LONG Company has great fundamentals.
Sells household products like Tata Tea, Tata Salt, etc.
Price moving in channel as shown. FMCG business, looks good to continue moving in channel and reach target.
Risk to reward: 1 : 2.4
