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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

TATA CONSUMER PRODUCTS broke triangle patternNSE:TATACONSUM a less known company with well known products like TATA salt, TATA tea, Tetley green tea and Starbucks and much more, have finally broken out of its triangle consolidation after 6 failed attempts in the past one year. Fundamentally & financially strong with consistent group in revenue & profits, low dept to assets ratio, consistent dividend yield, reasonable PE ratio, consistent FII holding, increasing market share seems like a good scrip to have in our portfolio. Price wise current price 837.45 is just 5.8% below its all time high of 889, hence this might be a costly entry and the breakout is not with very high momentum. Also the DIIs consistently reducing their state from March 2021. However, from its pros perspective, even in short term if this scrip corrects a bit, averaging out will not be a bad option, as in long term it seems to be healthy. Entry : 820 to 840 Target : Trailing stop loss with partial profits booking method at every 5% up movement Exit : SL1 800 (resistance break), SL2 780 (support break), long term holders can average instead of exit Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common. Caution : This is a knowledge sharing analysis, not a call.
NSE:TATACONSUM
by samplespaz
TATA CONSUMER PRODUCT Wait And Watch ?? Look for Low risk, High reward, and High Probability setups- Things to Remember while Trading with the Trend 1. Know what the trend is. 2. The best trades are made in the direction of the trend. 3. Assume that the main trendline or moving average will hold. 4. The longer the moving average is, the better it defines the trend. 5. Wait for the pullback. 6. Don’t chase the market. 7. Don’t fight the market. 8. Even in the strongest trends there should be some retracement. 9. The closer the market is to the trendline, the better the risk/reward ratio is. 10. Use ADX to determine the strength of the trend. 11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy 12. Hold trades longer in a strong trend. 13. Wait for confirmation of a trendline breaking before reversing position. 14. Know where the Support levels are. 15. Place stops outside the Support levels. Thank You..
NSE:TATACONSUMLong
by Rvkachhadiya
22
TATACONSUM - Breakout with volumesNSE: TATACONSUM has broken out from the consolidation range. Today's volumes and candlestick indicate demand and stock should move to previous swing highs in the coming days. The stock has been moving along with the trendline support over the past few days which is creating the uptrend. One can look for a 9% to 13% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade Disclaimer: This is for educational purposes only.
NSE:TATACONSUMLong
by BrahmaBull31
Tata Consumer Products (SwingTrade) About Tata Consumer Products Ltd. 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 including Canada, UK, North America, Australia, Europe, Middle East and Africa. Important point:- ---->Company is almost debt free. ---->Company has delivered good profit growth of 20.2% CAGR over last 5 years ---->Company has been maintaining a healthy dividend payout of 52.4%
NSE:TATACONSUMLong
by TradeWithAplus