TATA Consumer Products (NSE: TATACONSUM) is currently showing a strong demand zone on the daily/weekly chart, indicating a potential reversal area where buyers are likely to step in. The demand zone is identified between ₹910 and ₹875. Traders can look for long opportunities near the demand zone with a stop-loss below the zone. A break below the demand zone, however, could invalidate the setup and lead to further downside.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.