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TATACONSUM: Upcoming Price Surge Projection Timeframe: 4h NSE TATACONSUM has formed a correction on the 4-hour timeframe chart. A closer look at wave A reveals it consists of three distinct waves, indicating it can't be labeled as an impulse. The security has broken below the 50, 100, and 200 EMA, with the Average True Range (ATR) at 15. Currently, the price is developing wave (iv) of wave C within wave (B). Wave (B) has already reached 100% of wave A, and with bullish sentiment, the price could surge from this point. However, we need confirmation through a breakout of the sub-structure. After wave (B) is completed, traders can use wave (iv) as an entry point to confirm a long setup. Fibonacci clusters indicate potential levels at 1189 - 1246 - 1296 . Risky traders entering right after the completion should confirm their position with a lower high. We will provide further updates soon. - KP (Trade Technique)
NSE:TATACONSUM
by Trade-Technique
3
TATACONSUM Wave 4 Seems CulminatedAs you can see the chart there are clear formation of the waves on monthly chart. Intermediate Degree Waves (1), (2), (3), and (4) has completed. The Tringle has also been broken out and retested. Now the Price may move towards 925-1090 Range. The return expected are around 20-23.5%. The information and analysis provided here is intended for informational and educational purposes only. It should not be considered as financial or investment advice. We are not a licensed financial advisor, and the content provided does not constitute any form of recommendation, endorsement, or solicitation to buy or sell securities, stocks, or any financial instruments.
NSE:TATACONSUMLong
by imkhushal
1
TATACONSUM is forming triangle patternNSE:TATACONSUM large cap stock is forming triangle pattern. This fundamentally and financially strong stock is trading 15% below its all time high, and at the support of the triangle pattern. Hence it seems like a good opportunity to accumulate. Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common. Caution : This is a knowledge sharing analysis, not a call. Profits are not made from following ideas, but by following Risk Management .
NSE:TATACONSUM
by samplespaz