TATACONSUM trade ideas
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.
Tata Consumer - Intraday Trade SetupTata Consumer CMP - 489.50
Looking bullish in shorter time frame. One can go for Intraday trade setup with the following entry, exit & targets
Buy at or above 490 - 491 / Stop Loss 483
Target 1 - 495
Target 2 - 500
Target 3 – 505
Disclaimer: This is my view and for educational purpose only.
positional trade for sept expirywith the markets seeming to be weak....i will be focusing my trades in this week on india inc based stocks...
this counter is consolidating since last few days...
stock is taking support from fib levels of the fall.....
MBB is touching sma 20 ...great chances of further upside ..
so buying a futures lot for 531....
lets hope how it turns out