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TATA CONSUMER PRODUCT LTDTATA CONSUMER PRODUCT LTDTATA CONSUMER PRODUCT LTD

TATA CONSUMER PRODUCT LTD

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TATACONSUM trade ideas

Great entry point with Supper Powerful Bullish setup!Technical analysis shows new strength emerging in TATA Consumer. Fundamentals in favor: 1. Company's leadership is trying to reduce debt & working capital year on year 2. Market leader in Salt & Tea (Almost monopoly) 3. Venturing into other ready made kitchen segments : idle, poha & etc 4. Acquisition of Big basket will transform this company into 3rd e retail giant after Amazon & jio Mart. 5. Only FMCG company capable of +20% ROCE for next 4-5 years!! Verdict: If you can happily invest & forget about it for next 3 years, then it will easy give around 200% returns! Disclosure: Invested, Follow your risk management if you may enter.
NSE:TATACONSUMLong
by IIMA_Brat
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.
NSE:TATACONSUMLong
by UNDERDOG-29
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.
NSE:TATACONSUMLong
by pranavshrimal
1
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.
NSE:TATACONSUM
by amaansiddiqui45