TATAGLOBAL
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
TATAGLOBAL | Bull Flag With a very strong pole and a great volume supporting it, the flag has a high probability to break towards the upside. With setting an SL at 376.50 the stock can go long upon meeting the support of the flag.
Stock: TataGlobalStock: TataGlobal
Reason: Assuming NR12 & It's Breakdown
Cmp: 312.10 {Close}
Short Below 310
Exp. Targets: 309-305-300
SL:312.20 {Once Sell Triggered}
Date of View: 06-Jan-2020 23:29
TATAGLOBAL (Tata Global Beverages Ltd) BUY ABOVE 325TATAGLOBAL (Tata Global Beverages Ltd) BUY ABOVE 325
Tata Globals will continue to go down more...Tata Global Beverages Ltd almost 40% down from its 52 week high.
It may continue its downward journey atleast 20% more from current price.
Its PE ratio is also inline with industry PE ratio, which indicates uptrend from here will make this stock overly bought/ high price.
Bottom fishing can be done starting from 150-160 range for a long term perspective.