Triangle Pattern Breakout
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Looks like Tata consumer might fall till 700-697 If breaks that 617 in coming days.
Findings:
1. Might touch 0.786 retracement from low
2. 700 is also co-insiding with A=C
3. Good prize action support level
4. 617 level is also a channel support.
This is just my view please make your own analysis and trade safe..
in weekly time frame TATACONSUMER has formed symmetrical triangle pattern. looking good for buying at current price with 770SL. stock has not given breakout. after breakout we are waiting for 900target.
Tata Consumer Products Ltd. is one of the leading companies of the Tata Group, with presence in the food and beverages business in India and internationally. It is the second largest tea company globally and has significant market presence and leadership in many markets. In addition to South Asia (mainly India), it has presence in various other geographies...
Tata consumer was in consolidation for a month.
At 800, it’s good time to buy it with SL(Buy accordingly).
There is possibility for 20%+ profit in 3 month.
Note:- Please contact your RM first…
Tata Consumer has been in bull trend since feb 2019 onwards which can be seen in weekly time frame. Currently forming a flag pattern which if breaks could move towards 1000 levels. Fundamentally great company therefore chances of going up are high. SL could be 690 WCB.
For taking a trade in this i suggest that let the stock prove a bit more on its strength in...
Tataconsumer - showing sideways consolidation from last month. Now it gives breakout from the last one-month range forming a Bullish candle i.e. Engulfing or like a Marubozu candlestick pattern with good volume spurt, it may touch 850-860 level which is next resistance level .
Disclaimer - All updates/posts/discussions are only for education and learning purpose...
Tata Consumer - Short Term Range Breakout Idea
When the price crosses the range, it is likely to continue in that direction. Intraday traders then use the breakout as the entry point. In simple words, the opening range breakout strategy means taking a position when price breaks above or below the previous day's high or low
Tata Consumer Products is an Indian...
NSE:TATACONSUM
Short can be considered in this script at Rs 770 with SL at 775 given level for the intraday purpose only, close the position by the evening.
Disclaimer: author may enter in trade, take your own decision , This is an trading idea not an trading or Investment advice
TATACONSUM stock was trading in Rising wedge pattern for last few days on 1D timeframe. This stock has given a reversal entry from support level and reversal target is above 870+(upto resistance level) In case this stock given a breakout entry on the resistance level so this can be extend for up to 1040+.
