TATACONSUM trade ideas
SIMPLY AWESOMEtataconsume is approaching its high
could be a good buy if it breaks its high
now a small buy coming
buy above 392.20
for a target of 400,404
SL at 385
tata consumer look lies head& shoulder on 4 hour chart also for spining top candle on daily chart so i think its ell idea cmp 371 now wait for trgt & sl....
TATACONSUM, ENOUGH HOPPING ON TREND LINE, READY TO BREAK?TATACONSUM has been taking continuous support on trend line which makes it weak and probable to break. 374 is good level if breached for shorting.
We follow simple price action process to trade short with high probability. Price action is trading process and it does not need any indicator and works well. All that is required to master this skill is knowledge of some simple rules and willingness to practice.
Request your support as always by your like/comment.
Thanks
Piyush Gupta
[Buddha] TATACONSUM Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Tata ConsumerStock has been in an upside channel from last 2 months and managed to close above a strong resistance zone of 375 with volumes. risky players can add here. safe players can wait till the close above 384 for upside of 392 404 and 415
stop loss will be 370.
TATA CONSUMER PRODUCTS Analysis Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
TATACONSUM - Breakout given, Wait for confirmation!!Tata Consumer Products Ltd.
The stock price is showing a bullish sentiment ahead of 381 resistance breakout.
Technical parameters look strong.
***TRADINGEDGE TIME-TREND INDICATOR IS BULLISH***
***TE BANDS ARE IN GREEN ZONE***
If the next candle shows conviction and breaks the high (383.5), the prices will swiftly move up.
Above resistance level (381), the next Supply zone is 397-405. On the downside, the support is the bottom of the Demand Zone (365).
KEEP AN EYE!!
#tradingedge_academy #SMTA_institute
***This is my personal view. Please take advice from your financial advisor before investing.
Intraday Trade - Tata Consumer - LongTata consumer Product - Intraday Call.
Go Long - 371.50
Target - 380
SL - 366
Disclaimer - Kindly do your own analysis before executing the trade
Tata Consumer Products - Bullish StructureAny pull-back near 320 levels will be mouth-watering levels to accumulate, given it holds that zone.
Fundamentally it is a good company and they are launching a new line of products - tataq.com
Excessive Selling at the lower channel.Stock is above 200 EMA.
Stock may try to give a breakdown.
But we'll only prefer selling below 200 EMA, as the stock might bounce back from that level.
BearishPoor results
Strong bearish candle
Immediate support at 350
Strong support at 325
Channel break
Volume spike
Price AccumulationThe price has fallen below the trend line and is now trading within a range. Fresh breakout with volumes above the range can be used for long. Point to take care: Throughout the rally, volume traded is not high.
is it a buy ? Take action with evidencelooks likestock is forming a top for short term..
important level to watch 400-410 on weekly and monthly basis
TATACONSUMERTake trade based on your analysis
Buy/Short just above/below the marked line.
Typically for intraday start trailing your stop loss from 0.5% towards target
Stoploss is based on your capacity
I usually hedge towards the stoploss direction
if price opens between the target and entry line, I usually dont trade that scrip.
TATA CONSUMER PRODUCTSTata consumer looks good to long above the level (357-360) for the targets of (365-367) / (379-83.50) / (400-408)
