TATACONSUM trade ideas
Tata Consumer narrow Range, Good for Long after BreakoutWait for breakout above the 555 level, and enjoy the rally.
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.
Premium Beverage - Discount Price Double Bottom
RSI Divergence
High Relative Strength wrt Nifty50
Premium Beverage company hit by the covid-19 may rise.
TATA CONSUMER , DAILY ANALYSIS Breakout of 395-400 With Bullish Setup And High Volume Can Take it to 445 - 460 .
449 next please ...In the 8th of July we hit 432 zone and got pushed back a fair bit .
This time around we broke way past it and have tested support of 432.90. ( stop loss below this )
Below that 428 is the next support which should hold. I feel its time for a green day and should be a nice move up into further price discovery .
Nifty should also bounce tomorrow so recon this is a nice Intra day scalp ..
tata consumer looks like a buy ...1st tgt till 427 and further depends on the supports so trade consciously........
Can we go long here Very bullish stock.. every Dip is a Buy.... lets see how price reacts at these zones
TATACONSUMERNSE:TATACONSUM
Tataconsumer has again taken support at our levels of 408.50 which was its day low too, just see the marked levels and play for bounce on upside if support sustains, else downside levels given.
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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TATACONSUMERNSE:TATACONSUM
See the magic of levels,
Had shared the above chart on 7th July and mentioned the resistance of 408.50, and once it crossed it gave upmove and now again took support from same levels :) #levelsdontlie
Now for entry wait for 426.50 levels to cross for targets of 433 and 437, and if crosses 437 then more upmoveeee
But if it does reverse from 426.50, short it with same stop loss for 418, 414 and 409
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
***********************************************************************************************************************************************
TATA CONSUMER | BULL FLAGLast week we had expected a breakout above the hourly consolidation. However the stock went into a sideways consolidation on daily time frame basis forming a bull flag like continuation pattern. Tata Consumer Products have recently broken our above all time high and after the breakout the stock has been consolidating sideways into a bull flag continuation pattern. A breakout above Rs 438 opens target of about Rs 474 on the upside.
TATA CONSUMER PRODUCT It has gone below its support line with a red candlestick, a cross on 4hr chart is imminent, some positive gains today will make it a good intraday candidate for Monday/Tuesday next week.
TATA CONSUMERS Tech.ANALYSISSUPPORT AND RESISTANCE
SUPPORT 420, 405-400, 380
RESISTANCE 440, 455.
THIS MAY STOCK MAY BECOME RANGE BOND BETWEEN 440 TO 415 FOR COUPLE OF DAYS...
** I AM NOT A SEBI REGISTERED ANALYST I JUST SHARE MY PERSONAL VIEW **
TataCons ShortSell Below Friday's low (around 428) with SL friday's high
On 4 hour, it is a inside bar, suggests the same that if low break it can fall and vice versa.
But my view is short as there is also a reversal zone around 440.
421-422 can be first target(which is again a potential reversal zone in 30 mins) and 416 can be second target
After a upmove, it is consolidating in a range according to 30 mins.
428 below it will be range break and sustaining below it for 30 mins we can expect the first target.
TATA CONSUMER | BULL FLAGTata Consumer Products have recently broken our above all time high. After the breakout the stock has been consolidating sideways into a bull flag. A breakout above opens target of about 474 on the upside.
