TATACONSUM trade ideas
#Tataconsumer cash : Looks good above 524.10#TATACONSUMER CASH
26.11.2020
LOOKS GOOD ABOVE 524.10
STOPLOSS 518
TARGET 529-530/535
CMP 520
Tata Consumer- Target 581.0Tata consumer has formed cup and handle formation. If breaks 520 with good volume, can move up quickly for final target 581. Safe trader can book profits at 550 level.
TATACONSUMER - VERY BIG UPMOVE POSSIBLE FROM HEREINTRADAY + SWING + POSITIONAL TRADERS CAN GET IN THE STOCK BECAUSE THE STOCK WITH THE SECTOR IS HIGHLY BULLISH
#TATACONSUM WEEKLY CHART VIEW!!#TATACONSUM WEEKLY CHART VIEW!!
Tata Consumer Products Ltd. is trading above mid bollinger band.
Technical indicators are mild bullish.
If price trades above weekly high 524, near by resistance is 570 and if price closes below mid bollinger 498 near by support is 460 on weekly chart.
TATA Consumer Stock is taking support at 495 on Daily and 465 on Weekly charts. Recent high is 525 and likely to be taken out soon. Targets 525, 535, 555, 575. 595 is 100% FIB retracement,
Tata Consumer - weekly ChartChart is highly Bullish on Higher Time frame...3 consecutive green candles along with TAIL confirm that bears are weak...initial targets 540...will review chart next week....
TATA CONSUMER Bear Pennant PatternCan you see the Chart is speaking very clear?!
- 38.2% Fib retracement done from the Tops, and the Pennant was Counter trend in nature with a 3 Wave Advance
- On 10th November, we got confirmation to Short, Price also closed below 5 Day EMA and it has turned down sloping now
- Also notice how Price cannot sustain above Anchored VWAP from the Tops
- Price is heading back to 440- 420 on the downside
- Bearish view negates above 520
- Enjoy the Downride and avoid Longs since it was just a Pullback within a Bear trend
TATA consumer 1D chart forming a triangle tradeonly when u get a proper breakout or reversal, please support my views
TATACONSUMDecisive break below 501 one can expect 493/483 levels
Stop loss : 508
Disclaimer:
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position.
