TATACONSUM trade ideas
Single Script Multiple TradeTata consumer showed us how we should analyze the chart with price action theory!
I shared all the best possible entries!
Now analyze your own
Did you ever look at the chart like this?
Tata Consumer Products - Harmonic shortThe stock seems to have halted its strong up-move and has made two consecutive Doji's. Looks weak as:
1) Seeing a price rejection at around 435-437 levels
2) Harmonic gives a short at 440.95
3) PCR bearish at 0.496.
4) Strong OI and change in OI resistance seen at 440-460 strikes and very minimal support seen.
Looks ripe for a good fall now. Safe to look for a downside below 425 if opening negative on 13th July'20. If moves upwards, can loof for a downside at harmonic levels - i.e. 441/442 levels
Analysis of Tata Consumer Products LtdTata Consumer Products Ltd. – CMP - ₹430.1 Dt. – 13-07-2020
Currently the stock is in the channel between purple and red line. On 09-07-2020 the stock made Doji on the daily chart after gains of 5 consecutive days. On 10 -07-2020 stock made gravestone pattern which indicates correction. CCI and RSI both indicate overbought.
If stock start correcting it will take support at the purple line and if still selling pressure comes the stock can go up to the green line. If stock starts moving upward than stock can go up to redline.
SHORT TATA CONSUMER, DOJI IN DAILY CHART SHOWS WEAKNESSSeems like a pull back, keep small target and stop loss is necessary in this trade.
Tata Consumers short ideaThis stock is range bound for almost 3 days and when it breaks out it is going to be good. Keep this in your watch list.
RSI and the decrease in volume says short idea after it breaks the support other wise wait for it to go above 440 and buy it.
Tata consumer to say tataperfect dozi after a huge upmove
2 conscutive days clbs sl 437.4
tg1 421 for sure
tg2 417
Disclaimer : This is my personal analysis for study purpose not intended for trading.
Intra Day Tata Consumers There Needs to be a correction, or at lest some consolidation in the stock because it was increasing continuously since last 5 days, with increase in percentage of almost 20% and RSI is too high with 81.19. We have seen a breakout in the stock, so now its consolidation and correction time. Enter the market after watching stock price for the first 15-30 min of the day to get a best price. Exit point should be the Previous resistance line, current support line at price, 420. People who want exit with further downfall can do because there in chance of support breaking in intra day, but by end of the day price should come back to 420 or above, so put a trailing stop loss of 1% bellow 420, but who is entertaining now and willing to sell at 420 should have a stop loss of437.
All these Information is based on my personal knowledge and may be wrong, involves risk. This is Educational purpose to make my ideas reached to all, and investment at your own risk.
Be safe, and good luck for your Investments.
Tata Consumer Products - LongTata Consumer Products breaks 52 week high level at 400 with high volumes.
Target for this stock is 500 though it may take some time due to profit booking. Crucial support level is 400.
The above is for educational purposes only.
TATA Consumer Products_Analysis_Long Call_10 May 202010 May 2020
TATA Consumer Products: CMP - 348.75
Important news going on in the market: Tata Consumer Products will be included in the MSCI Index in the coming week. If that happens stock will get big boost.
Despite nifty fell sharply by more than 6% in the last week, TATA Consumer Products moved up from the low of 325.65 to 355.50 (9.16% of price movement), finally closing at 348.75.
Someone already buying the stock due to it??? may be possible.
The stock price is moving in a channel. Currently, it has moved up from the support of the channel. Also, it is above its 20, 50, and 200 DEMA.
The stock price also displays a Flag Pattern with a breakout at 335 level. The volume rose when pole formation was taking place and during the flag formation volume were down. at the breakout level buy volume were consistent and increasing. With that in mind, the stock price target comes out to be 476.50.
T1:378, T2: 427, T3: 476.50; SL: 279.50. Duration: 25-27 Trading Sessions.
Stock is trading at PCR of 0.72 which is good for the stock to go up in the current upside momentum.
In Call Option, max OI is placed at 400 (3.02 lacs OI), 380 (2.67 lacs OI), and 350 (2.10 lacs OI).
In Put Option, max OI is placed at 300 (2.45 lacs OI), 320 (0.94 lacs OI), and 330 (0.91 lacs OI).
good breakout with volumebreakout after consolidation near resistance for more than a week with decent volume.
could see 400+ in short term .
Wait for breakout on either sideThe stock is making HH and HL pattern. So it is in uptrend. Volumes have dried up for the past few days. Waiting of a clear breakout.
Go LongTata Consumer make rising wedge pattern and stock is in resistance point in 1day charts
in 15 min charts also is in support point
if it's open high then go long
strictly stop loss, it's below previous day closing price 394
#tata consumer buy above 404 target when comes 404 closing#tata consumer buy above 404 target when comes 404 closing
TATACONSUM Go Long after it breaks out @400 with stop loss as 340. Ideal entry should have been at 276 as per Relative Strength bullish divergence or a safe entry at @ 330-350 according to Fibonacci retracement.
TATA CONSUMER Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
