Tataconsumer
1 Day breakout trend line near price after earnings.According to the earnings the net profit has risen 4 % in (QoQ) and 9 % growth on (YoY)
My idea is to buy near 790.50 to 785.05
with a stop loss of 779.90
For 1st Target of 817
2nd Target of 860 (with a trailing stop loss)
I think that there will be a bounce back from the 1 Day breakout trend line as the earning are flat to positive
TATACONSUM ::: BULLISHH I G H R I S K T R A D E
DATE: 18 MAY 2021
INSTRUMENT: TATACONSUM
TREND: BUY
TIME FRAME: 3 HR
CMP: 653. 35
BUY ABOVE: 658
STOP LOSS: 645
TGT 01: 679
TGT 02: -
DISCLAIMER:
We are not S E B I registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
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Tataconsumer looks good for swing trade.NSE:TATACONSUM
TATACONSUMER on Daily chart tested a trendline and moving up again.
Counter is looking good for swing trade, as far as targets are concern we can follow Fib extensions.
I will prefer to keep my Stop Loss below 455 which is below last major swing low.
There is not much to tell here with setup as I prefer to keep it as simple as possible so every one can understand it.
Tataconsume @ overbrought zoneTata Consume had recently shown very good bullish rally and reached it's exhaust levels. this week there will be pull back and atleast it has to come closer to 20 sma.
levels are marked on the chart.
Disclaimer: This view is personal for study purpose and any trade taken is individuals own risk.