TATACONSUM trade ideas
Long on Tata consumer Product
1.Support turned Resistance Trend line broken without wick rejection on Daily time frame
2.Resistance at 615 Broken.
3.Buy at current levels for target of 680 with a SL at 600 , Risk to reward ration almost 1:2
Tata consumer { 1hr Short }Doji N IB in formation. rest is as per chart
Note :-
Entry - At the break of mentioned candle's low/high
Stop Loss -
In a Short Trade, I always use Previous Candle High ( PCH ) as a stop loss while entering the trade. Sometime I might use 15 M tf SL & trade in 30M tf which I'll mention. Vice Versa for long trades
Trailing Stop Loss ( TSL ) - Mostly I trail stop loss by PCH as price falls . I exit as PCH breaks & vice versa
Use of PSAR as TSL :- TSL get's hit in trend following due to noise, In such cases I use PSAR to be in trend & exit if PSAR direction change
You can use any one of above mentioned or your own way to manage risk
Time Frame :- I take ~ 90% of my intraday trades in 15m tf. Where my analysis might come from higher frames like W , D or 1hr chart pattern which will be mentioned.
Target :- I do set target line based on support / resistance slightly above/ below it . Please pay attention to it
Tata Consumer { D - Frame Short }Check the trend lines I drew in d -frame, you'll notice the stock was in uptrend until the " Swing Low " got broken and made a lower Low as mentioned in chart . Yesterday it has formed a IB following an Outside Bar, if it breaks it will generate a good momentum and we're betting on Short side here with targets mentioned in chart
Note :-
Entry - At the break of mentioned candle's low/high
Stop Loss -
In a Short Trade, I always use Previous Candle High ( PCH ) as a stop loss while entering the trade.
Trailing Stop Loss ( TSL ) - Mostly I trail stop loss by PCH as price falls . I exit as PCH breaks & vice versa
Use of PSAR as TSL :- TSL get's hit in trend following due to noise, In such cases I use PSAR to be in trend & exit if PSAR direction change
You can use any one of above mentioned or your own way to manage risk
Time Frame :- I take ~ 90% of my intraday trades in 15m tf. Where my analysis might come from higher frames like W , D or 1hr chart pattern which will be mentioned.
Target :- I do set target line based on support / resistance slightly above/ below it . Please pay attention to it
Buy TATACONSUM for 10 to 20 percent GainBuy TATACONSUM for a short term target of 611 for the week. It is currently testing a small resistance at 600 level. A break of this resistance will take the script to its next target
Target 1: 611
Target 2: 635
Target 3: 660
Target 4: 700
Tata Consumer is on a buying spree to become a leader in direct to consumer section in both FMCG and Pharma sector. The acquisition of Big basket and 1MG amongst other consumer product companies will put Tata Consumers in the driver's seat.
Invest for a long term return. Keep a 1 to 2 years view on the script for 2 to 4 times return.
Tata Consumer - Intraday Trade SetupTata Consumer CMP - 580.15
Looking bullish in higher time frame. One can go for Intraday / Swing Trade setup with the following entry, exit & targets
Sell at or Below 576 / Stop Loss 582
Target 1 - 571
Target 2 - 566
Target 3 - 561 / 555
Disclaimer: This is my view and for educational purpose only.
Tata Consumer - ShortTata Consumer CMP - 559.80
Looking bearish in higher time frame. One can go for Intraday Trade setup with the following entry, exit & targets
Sell at or Below 552 ONLY / Stop Loss 561
Target 1 - 547
Target 2 - 542
Target 3 - 537
Disclaimer: This is my view and for educational purpose only.
Tata Consumer - Intraday Trade SetupTata Consumer CMP - 582.70
Looking bearish in higher time frame. One can go for Intraday Trade setup with the following entry, exit & targets
Sell at or Below 577 ONLY / Stop Loss 589
Target 1 - 572
Target 2 - 568
Target 3 - 564
Disclaimer: This is my view and for educational purpose only.
lIVE iNTRADAY tRADING ON tATA cONSUMERi HAVE TAKEN POSITION ON TATACONSUMER @ 600
STOP LOSS 599
TARGET 615
lETS SEE WHAT HAPPEND
Tata Consumer Long XABCD with 1.618 FIB 650-660
Flag Pattern breakout with pattern tgt of 650
Swing low in place around 580-585
#Learning n sharing view not an advise
Tata Consumer - Intraday Trade SetupTata Consumer CMP - 589.90
Looking bearish in higher time frame. One can go for Intraday Trade setup with the following entry, exit & targets
Sell at Or Below 588 / Stop Loss 595
Target 1 - 583
Target 2 - 578
Target 3 – 573
Disclaimer: This is my view and for educational purpose only.
TATA CONSUMER PRODUCT LTD Bullish RSI Divergence Stop Loss 595TATA CONSUMER PRODUCT LTD Bullish RSI Divergence Stop Loss 595
Tata Consumers - Ready for BreakoutBuy Tata Consumers on Breakout
If by chance falls due to Global sentiments try adding at key Supports mentioned
dec last tradesthe short time trend has alligned with the long term trend
any close above 595 would rake in a decent 10 percent profit in the current month.
be on the lookout
TATA CONSUMER - Rounding Bottom (Consolidation in Uptrend)Price has formed rounding bottom and can give a breakout above 592 and enter into uncharted territory, price has also been taking support of 9 day EMA since November, currently also price has bounced from the same EMA.
Pattern Target is 130 points post Breakout
VIEWS FOR LEARNING PURPOSE ONLY
Monthly channel break out Tata global gave a monthly channel break out and after breakout tested its breakout level and is moving toward making a new lifetime high one can buy into the stock for a long term for handsome return
