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.
TATACONSUM trade ideas
TATA CONSUMERThe ascending channel move is still on, once it crosses 408.60, take entry with 408 as sl and play on for target of 415 and 420
TataConsumerI missed the small pull back entry a few days ago.
now will enter above 396 as per horizontal line for a 25 to 30 rs move.
The price is above 200 and 50 day EMA with 50day EMA above 200 EMA
On a longer holding as per previous pattern more upside but current conditions i will book profit at 25 to 30 Rs
7% is still not bad. SL as usual below horizontal line or 2% from entry.
Will prefer a red to green bar at entry with volume.
TATA CONSUMERThe pattern of HH HL has been good, looks like it is poised to test its high's of March which is 400 and 407, with a stop loss of 382 it can be a long for the said targets.
TATA CONSUMER LongTata Consumer is moving in a channel and looks to moving upward from it's channel support
Buy above 375 for safe entry. Look for volumes rise
All levels specified on chart.
Note: Do your own analysis before taking any trade
TATACONSUM ready to blast off !Looks like we're in for some fun with this perfectly poised to blast off on the opening bell !
5 min graph the 99 day has been acting as support and we're bang on it.
Lot of folks want this stock long term so expect this to fly...
Looks tempting for a quick in and out leveraged trade doubt we will need 2 attempts at the previous ATH.
Long Tata Consumer ProductsTarget and Entry shown by Horizontal lines. Stop Loss as per individual risk management.
Basis
1. 20 SMA crosses 50 SMA indicating uptrend
2. RSI on monthly chart above 60
finding an opportunityits in uptrend ....as per the pattern...risk reward ratio is very good for long ..i have entered.
TATACONSUM Looking Bearish. Will Show Some Retracement From HereNSE:TATACONSUM
TATACONSUM currently facing some hurdle for uptrend. you can clearly see the same in rectangle.
If you can see candles closing higher have relatively lower volume as compare to candle closing lower. Its clearly indicates professionals are now not interested in higher prices. And somehow prices goes up in particular day they come in and pushes the prices down.
The support for lower prices clearly visible in last 2-3 sessions as prices are getting down with high volume and expansion in price and volume also visible here.
For short targets I will prefer to follow Fib Retracement levels which are plotted on chart. As far as Stop Loss is concern I will keep it above 375 on closing basis.
Tata Consumer Short Only below 350 !!The location of trading activity. At the end of the chart, on the upper right, we can see that the trading activity moves in the low part of the value area, between the control and the value low. This is uncharacteristic for an Uptrend. Additionally, the price rotations are becoming narrower, it is starting to rotate between the control and value low.
the trend is most likely to end.
Short below: 350
Thanks
TATA CONSUMER PRODUCT MAY MONTH ANALYSISSELL ACTIVATED
IF YOU GOT AT SELL RANGE THAN DO TRADE AND PUT SL.
TATA Consumer Product , 75 Min Analysis .** ON Daily And 75 Min Time Frame Trend Is On Upside .( Price Is Making Higher High And Higher Lows ).
** Price Taken Support On Trendline And Retraced From Demand Zone .
** Hammer Pattern ( Price Rejected From Demand Zone 323-326 )
After Hammer Dozy Form Indication Of Indecisiveness . Price Unable to close Above Dozy .
Reference Candle Now Is Dozy . After Price Close Above Dozy In 15 Min Or 75 Min Time Frame Then Trade Initiate On Buy Side .
Buy 337.5
SL 324.4
Manage Your Target And Sl According to Your Risk Appetite .
Happy Learning .
TATA CONSUMER PRODUCT MAY MONTH ANALYSISSELL ACTIVATED
IF YOU GOT AT SELL RANGE THAN DO TRADE AND PUT SL.
