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.
