INTRADAY IDEA ON 12-04-2023long trade after retest of breakout, because they formed an double bottom patreen as explained in the chart, this content is for educational and learning purposes only.
TATACONSUM trade ideas
Tata Consumer - VCPIf you cannot recognize this pattern, will really recommend Minervini's books.
Textbook SL and entry, good governance, turnaround in FMCG happening.
Have fun!
Reversal ?After forming the wedge chart pattern, we had almost a 15% downward move.
I reckon there would possibly be a reversal
reasons :
1. Consistent volume of green candles
2. Tested a zone of demand
3. At the end of the Bollinger-Bands
If the stock breaks the zone of Demand it'll move towards the 200MA
or
if the stock does reverse then it'll move to the trend where it'll face some resistance
But Remember to trade with the trend
TATACONSUM - Weekly AnalysisIn the Weekly Chart of TATACONSUM ,
we can see that, after the breakdown and 13 weeks of strong sell off we could not even see a pullback.
Now we can see that, it is holding its position and
Double Bottom Pattern with Strong Bullish Hammer Candles has been formed.
We can see a good up move in coming weeks.
Rejection Candle act as a Reversal of Trend Rejection Candle act as a Reversal of Trend . Above rejection candle high we will see a continuation move
TATACONSUM AT MAKE OR BREAK LEVEL !!!The price trading near weekly demand zone. A significant decline has been seen in the price and the price is now trading near the demand zone. so the price can takes rest from the decline and can move upwards from the support zone.
If the price respects the support zone and if any bullish candle or formation is formed then we can build our position to the upside.
👉Price At weekly support of 695
👉Reversal from support possible
👉Target 733/758/775+
👉Stoploss below 695 close.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad.
predictive analysis of tataconsum in wcb.NSE:TATACONSUM presently near at major support zone, can make a reversal from that support. drawn future 2 paths as per present price action and support resistance zones.
short target 708As weak structure showing go for short when pullup of minimum target 708 ................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
bearish on tataconsumercurrently in downtrend on the day chart. Resistance candle followed by confirmation candle. Broke two day low on 15 mins.
TATA Consumer ProductsThe idea is based on the Elliott Wave Theory. The price is still correcting and will extend to 100% of wave X to 595. Below that level, further extension could be towards 450-470.
TATA CONSUMERbreakout of trendline in downside can go more down from here I am going to short this stock with a small stoploss
Look what the chart says.NSE:TATACONSUM [/symbol
Selling is better option seen in the chart we can see this stock to fall up to 270 levels in this market crash which most of people expecting.
hold it with tight stop loss.
Tata Consumer can go long as well after the breakout of the pattern, even though this a bearish continuation pattern but here the pattern is not made in bearish trend so can also go long and as well as short .can trade either side of the breakout and target 1:3 risk reward. i am not a SEBI register this is just for analysis and i am not responsible for any loss or profit you made.
TATACONSUMNSE:TATACONSUM
WAIT FOR THE CLOSE ABOVE CHANNEL
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
Tata consumer product: breakout soonTata consumer product is on the verge of completing cup and handle formation. Keep it on your radar!!
#TataConsumer
TATA CONSUMER GOOD TARGETSTata Consumer has come out from a zone with very good volumes, from CMP entry can be taken for good targets.
TATA CONSUMER ANALYSIS!!the red line, will be soon breached, if markets be in a bullish nature, or will be breached after being volatile for some time and then move upside.
blue lines are the levels.
the green line is a great support, which stock being volatile, then will not breach this green support, and volume might be seen to be increasing.
and the dark black line is the actually trend what the stock should follow.
the stock is trading near its MA(50,100), so there is a moving which is yet to come.
tata consumer is been diversifying its products, and has been establishing its consumer value in the market. great company, and FMCG sector is also being great enough. its a bit discounted, and TATA CONSUMER will be a part it when nifty fmcg indice will give its impulsive move.
(check below the analysis of HUL company).
tataconsumerTataconsumer broke out of triangle pattern on an hourly chart with very good volumes.
Could be bought with mentioned stoploss & targets.
TATACONSUMER AT SUPPORTYesterday, we saw a Price breakout in Tata Consumer Ltd.
A breakout occurs with a Big Bull candle having good volume.
Currently, there is a pullback to the same levels.
The same levels , would now act as immediate support
Sustaining these levels, stock might test 800 - 810 levels in the coming trading sessions
Pullback trade
Long Trade
Swing Trade
Support @ 774-776
CMP : 778
TATACONSUMER Conditional up side viewNSE:TATACONSUM is trading in a channel.
My view to to take entry if price reach at the level of 760, then hold till target of 790 & 812
Will put stop loss of only 15 Points which is 745.
Note: This is my personal analysis, only for learning.
Thanks.
RETEST - TATACONSUMER📊 TATACONSUM
📈 TATA CONSUMER is facing resistance around 825 level.
📈 MACD may give Cross-down in few trading days.
📈 RSI is facing hurdle around 72 and started moving downwards.
📈 right now RSI is around 58.
📉 One can Short it.
🟢 Target 🎯🏆 - 745
⚠️ Stoploss ☠️🚫 - 812
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
tata consumer tata consumer 1 day chart looks like this so may we get some idea to take trade in this stock
