ELLIOT WAVE -3 BEGINNING LOOKS LIKE TATA CONSUMER HAS COMPLETED ITS DOUBLE CORRECTION (WXY) ON THE BASIS OF TODAY'S PRICE ACTION. AS THE CORRECTION TOOK FORM OF EXPANDED FLAT EXTENTION TARGET OF WAVE Y (123.6% OF WAVE W FROM THE BEGINNING OF WAVE X) COMES @ 587 ALONG WITH 61.8% RETRACE LEVEL OF WAVE 1 @ 589 WHICH FORMS A GOOD SUPPORT. THIS COUPLED WITH A BULLISH PIERCING CANDLESTICK PATTERN WITH LONG TAIL SUGGEST THAT BUYING HAS RESUMED. AS PER RULES PROJECTED TARGET OF WAVE 3 IS GENERALLY 161.8%(707) OF WAVE 1 FROM WAVE 2 LOW'S. AS PER CLASSIC DOW THEORY STOCK IS ALREADY MAKING HIGHER HIGHS AND HIGHER LOWS WHICH IS ALSO MAKING CASE OF BUYING THIS STOCK ON DIPS. VIEW IS NEGATED IF 161.8% EXTENSION LEVEL OF WAVE W(@565) IS BREACHED ON THE DOWN SIDE. ALTHOUGH I AM POSTING THIS IDEA ONLY FOR SHARING MY ANALYSIS AND FOR THE FEEDBACK FROM WHO SO EVER READS THIS BUT PERSONALLY I THINK THIS STOCK CAN BE BOUGHT @CMP OF 600 WITH EXIT OF 565 ON THE DOWNSIDE AND POTENTIAL TARGET OF 707 ALTHOUGH PS:I HAVE CONSIDERED TARGET PROJECTION FOR WAVE 3 BECAUSE WAVE 1 HAS 5 SUB WAVES MEANING AN NEW IMPULSE.LEVELS SHOWN IN GREEN(DOWNSIDE) ARE RETRACEMENT OF WAVE 1,SHOWN IN BLACK(DOWNSIDE) ARE EXTENSION LEVEL OF WAVE W FROM WAVE X TOP AND SHOWN IN BLACK(UPSIDE) ARE PROJECTION OF WAVE 1 FROM WAVE 2 LOW'S FOR WAVE 3 TARGET. DISCLAIMER:I HAVE THIS STOCK IN MY PORTFOLIO AND HAVE BEEN FOLLOWING THIS STOCK FROM 3-4 MONTHS.Longby UNDERDOG-293
Short tata consumer Short at 602 or macd 15min sell indication expect ( As the fmcg sector is following the downtrend could help give momentum ) Sell = 602 sl = 605 target = 681-682 ( 3% target ) Shortby arunprashanth8880
Crucial level for swing tradeIt can either give a breakout or fall from the resistance. For watchlist. by skyiek1
Tata consumer Long Tata consumer share for long setup The dip is a buying opportunity. My small understanding towards market structure and price action. Longby sonisaab2
Tata Consumer AnalysisA beautiful uptrend breakout followed by a retest. Highly bearish stock. Short below 614 !Shortby adityasingh40884Updated 221
TATACONSUMER BREAKOUT TATACONCUSUMER once again tried to break its all-time high of 635, overall momentum looks positive, it should break its ATH of 635, and continue the momentum giving good gains. As per reports TATACONSUMER will be included in NIFTY50 from 31st March. I think that should be the push this stock needs to break its 635 resistance zone. PS: I'm a College Student, not a broker, I'm not qualified enough to suggest people trades. I'm a student to take a keen interest in the Stock Market during the lockdown. These are for educational purposes. Please do share your views, I am still learning.Longby pranavshrimal114
TATA CONSUMER || BROKE IMPORTANT SUPPORT ZONE || SELL NOWHi! One should always trade what they see and not what they feel. After looking at the news where Tata has bought a good stake in Bigbasket (I am bullish for long term) but looking at the charts they tell me to short as it fits my checklist. I might be wrong or right but what matters the most is how much you are willing to loose... Happy investing.Shortby Abhishek_TradersSin0
Movement of TATACONSUMER TATA CONSUMER LOOKS GOOD ON TECHNICAL CHARTS RESISTANCE AT 635. POSSIBLE GAIN IF CROSSES 635. PS: I'm a College Student, not a broker, I'm not qualified enough to suggest people trades. I'm a student to take a keen interest in the Stock Market during the lockdown. These are for educational purposes. Please do share your views, I am still learning. by pranavshrimal111
Tata Consumer Products Short termThe stock is trading above it's support zone of 588 and is looking good for short term. It can be added for a minimum target of 625. It might even go higher. 609 is a minor hurdle. Longby Astitva_xxUpdated 225
Target - 681, Cup & Handle formationThe Tata Group is in the final stages of acquiring a majority stake of 68 per cent in Supermarket Grocery Supplies, which runs and operates online grocery brand BigBasket, for about Rs 9,300-9,500 crore, said a source close to the development. The deal — biggest in the online grocery space so far—values BigBasket at Rs 13,500 crore (around $1.85 billion). This comes about 20 months after the Hari Menon-led Bengaluru company had entered the unicorn club (companies with valuation of at least $1 billion). The deal, which is expected to close in the next four to five weeks, will give exit to investors Alibaba, Abraaj Group and IFC. The parties are awaiting approval from the Competition Commission of India (CCI). Stock is also forming Cup & Handle. by amaansiddiqui450
Tata Consumer :: Breaked the resistance of 614In the hourly chart, we can clearly see that Tata Consumer Products has broken the resistance of 614 with high volume. Take long position guys for the target of 636 .Longby RitstaRUpdated 333
TataConsumer will fire above 640On Daily chart TATAConsumer made double top at 634. If it sustain above 640 then its ready to give a big movement! If it do not sustain then confidently we can see a downfall. by sddmhossain1
TATA CONSUMERSPerfect 50% retracement can be seen in the stock getting ready for breakout..// ( only for educational purpose) Longby AlgoMonk_Trading1
TATACONSUM | Swing Trade | BO and Pull Back1. Breakout from resistance zone 2. Volume supporting breakout. 3. Fibbo support of 23.6 My plan to buy around 610 RR 1.75 Thank you for dropping by, comment your views. Thank you !Longby SoftEngTraderUpdated 445
TATACONSMER BULLISH MOMENT wait for couple of candle sticks to confirm.. may reach the upper trend line. Shortby amoghn972
Tataconsum | Breakout & retracement 🎯⭕ swing Trading opportunity ! 1hr Chart Alert !!!⭕ -- Buy above =610 or CMP --Target = 620.90 --Stop-loss = 632 --R:R =3.5 -- Lot size = 1350 --Expected Profit = 30k (3.8% ) --Expected Holding = 10 days only #ThankU For Checking Out Our Content , We Hope U Liked IT 📌 ====================================================== ⭕Technical Reasons to trade or Strategy applied :- ⭕ 1) breakout from resistance & retested 2) Volume is perfect. Guys check out the related ideas as well, it will work really well GUARANTEED ! 🙏FOLLOW for more ! 👍LIKE if think is useful ! ✍COMMENT Below your view ! Longby ReviveTradersUpdated 292946