TATACONSUMERNSE:TATACONSUM
See the magic of levels,
Had shared the above chart on 7th July and mentioned the resistance of 408.50, and once it crossed it gave upmove and now again took support from same levels :) #levelsdontlie
Now for entry wait for 426.50 levels to cross for targets of 433 and 437, and if crosses 437 then more upmoveeee
But if it does reverse from 426.50, short it with same stop loss for 418, 414 and 409
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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TATACONSUM trade ideas
TATA CONSUMER | BULL FLAGLast week we had expected a breakout above the hourly consolidation. However the stock went into a sideways consolidation on daily time frame basis forming a bull flag like continuation pattern. Tata Consumer Products have recently broken our above all time high and after the breakout the stock has been consolidating sideways into a bull flag continuation pattern. A breakout above Rs 438 opens target of about Rs 474 on the upside.
TataCons ShortSell Below Friday's low (around 428) with SL friday's high
On 4 hour, it is a inside bar, suggests the same that if low break it can fall and vice versa.
But my view is short as there is also a reversal zone around 440.
421-422 can be first target(which is again a potential reversal zone in 30 mins) and 416 can be second target
After a upmove, it is consolidating in a range according to 30 mins.
428 below it will be range break and sustaining below it for 30 mins we can expect the first target.
TataConsumerI missed the small pull back entry a few days ago.
now will enter above 396 as per horizontal line for a 25 to 30 rs move.
The price is above 200 and 50 day EMA with 50day EMA above 200 EMA
On a longer holding as per previous pattern more upside but current conditions i will book profit at 25 to 30 Rs
7% is still not bad. SL as usual below horizontal line or 2% from entry.
Will prefer a red to green bar at entry with volume.
TATACONSUM ready to blast off !Looks like we're in for some fun with this perfectly poised to blast off on the opening bell !
5 min graph the 99 day has been acting as support and we're bang on it.
Lot of folks want this stock long term so expect this to fly...
Looks tempting for a quick in and out leveraged trade doubt we will need 2 attempts at the previous ATH.
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.
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
TATA Consumer Product , 75 Min Analysis .** ON Daily And 75 Min Time Frame Trend Is On Upside .( Price Is Making Higher High And Higher Lows ).
** Price Taken Support On Trendline And Retraced From Demand Zone .
** Hammer Pattern ( Price Rejected From Demand Zone 323-326 )
After Hammer Dozy Form Indication Of Indecisiveness . Price Unable to close Above Dozy .
Reference Candle Now Is Dozy . After Price Close Above Dozy In 15 Min Or 75 Min Time Frame Then Trade Initiate On Buy Side .
Buy 337.5
SL 324.4
Manage Your Target And Sl According to Your Risk Appetite .
Happy Learning .