tataconsumerNSE:TATACONSUM1!
buy tataconsumer above 712.20 add more 687
closing sl below 674
target 751-790-820
BOLO JAI GAJANAND
TATACONSUM1! trade ideas
T A T A C O N S U M E R TATACONSUMER fut broke above triangle pattern on 30 min TF with decent OI.
Could be bought with mentioned stoploss & target.
Tata Consumer Fut intraday 5th Aug 2022Reference Point
PDH - 801.35
VAH - 797
POC - 791
VAL - 787
PDL - 783
One can Trade on the breakout of PDH/VAH or PDL/VAL or Trade Reversal Near PDH/VAH or PDL/VAH.
I am Not Sebi Registered, This is just for educational and research purposes. Do not trade without your Financial Advisor.
I won't be liable if you lose money because of this idea.
Break Out in Tata Consumer ProductsThe Stock is Breaking Out the 822 Price. Above which we can get the target of 840-850.
Stop loss of 810.
TATA Consumer ltd. Quant Box Breakout !This stock is bullish in the daily/weekly/monthly Chart and broken its high after nearly 1.5 months of consolidation. We need to wait to see that RSI should not create any divergence in its bullish move.
If the Stock breaks and stands above 720 level then the probable target will be 754/787/819 level in a short-term period.
If the Stock breaks and sits below 686 level then the probable target will be 655/622/589 level in a short-term period.
So trade safely.
Tata Consumer FuturesTata Consumer Futures
LTP - 679.15
Support - 655.20
Resistance - 697.75
Daily charts (long term)
A strong bullish pattern called triple bottom has been formed in the RSI.
5, 10, 20, 50 and 100 DEMA are aligned perfectly.
The chart is moving in an uptrend.
MACD is sideways in the bull zone.
Hourly charts (medium to long term)
The 20, 50 and 100 DEMA is in an uptrend and the candle is taking support on the 20 DEMA but 5 and 10 DEMA have formed a cluster.
MACD is bullish.
RSI has taken support at 50 mark and has formed a bullish V pattern.
15m charts (short term)
Candles have made a Marubozu White which is a bullish candle but we cannot depend on it as we don't have a confirmation candle yet.
50 and 100 DEMA are aligned well but 5, 10 and 20 DEMA does indicate a side or an unconfirmed trend.
MACD is falling but the red bars are fading.
RSI is very close to 50 mark so we will consider it neutral at this point.
Final overview: We can go long at 672 / 675 levels. 697.75 can we considered as a breakout level and once the charts cross and trade above 698, we might see a strong upmove in Tata Consumer.
