As FMCG sector performing well in falling market.
In Tata consumer ltd. made falling wedge pattern with prior uptrend.
It gave proper breakout and retracement in HOURLY TIMEFRAME.
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CMP 668
No indicator, Pure price action.
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Disclaimer: This analysis and the information provided by trader (uploader) only for study purpose. Make sure...
As we know there are two types of patterns here 'Reversal and Continuation'.
There are some signs of knowing the continuation pattern through the market, and one of them is the TRIANGLE forms in the price chart.
As you can see, There is a triangle form of continuation pattern in the price chart of Tata Motors. Where we can make a good entry and book the profit...
