TATACONSUM trade ideas
positional trade for sept expirywith the markets seeming to be weak....i will be focusing my trades in this week on india inc based stocks...
this counter is consolidating since last few days...
stock is taking support from fib levels of the fall.....
MBB is touching sma 20 ...great chances of further upside ..
so buying a futures lot for 531....
lets hope how it turns out
Rocket Deal #7Rocket Deal is a series of high probability breakout ideas with time horizon of 2-3 weeks with 10-15% targets . Most of the time you will see the breakouts within 2 days. This maybe useful for swing traders.
NSE:TATACONSUM in the consolidation zone. Stock will breakout soon. Risk Reward calculation is mentioned in the chart.
Assumption : Every trade idea begin with 100 bucks , Risk Reward statistics shows how much you may earn/loose when target/stop hits. Never stick to loosing trade.
Clear breakout from consolidation Will update the target and SL soon. Entry can be made at the current point.
TATA CONSUMER : 03 SEP 20 :JUST LOOK AT FIGURE AND JUDGE WHAT MIGHT BE THE PATTERNS APPEAR?
SEE ALL MY PUBLICATIONS, IT TAKES AT LEAST 30 TO ANALISE FROM DIFFERENT ANGLES, IF THE ANALYSIS SEEMS TO GIVE BOTH KNOWLEDGE AND PROFIT, THEN ONLY LIKE SUBSCRIBE AND SHARE TO YOUR FRIENDS.
OPPORTUNITIES HERE.
1. 553.30 IS THE MAJOR RESISTANCE LEVEL SUPPORTED 8 TIMES.
2. FORMED HIGHER HIGH IN RECENT LEVELS.
3. CUP AND HANDLE PATTER IS ALSO HAPPENED.
Tata Consumer narrow Range, Good for Long after BreakoutWait for breakout above the 555 level, and enjoy the rally.
Tataconsume @ overbrought zoneTata Consume had recently shown very good bullish rally and reached it's exhaust levels. this week there will be pull back and atleast it has to come closer to 20 sma.
levels are marked on the chart.
Disclaimer: This view is personal for study purpose and any trade taken is individuals own risk.
Premium Beverage - Discount Price Double Bottom
RSI Divergence
High Relative Strength wrt Nifty50
Premium Beverage company hit by the covid-19 may rise.
TATA CONSUMER , DAILY ANALYSIS Breakout of 395-400 With Bullish Setup And High Volume Can Take it to 445 - 460 .
449 next please ...In the 8th of July we hit 432 zone and got pushed back a fair bit .
This time around we broke way past it and have tested support of 432.90. ( stop loss below this )
Below that 428 is the next support which should hold. I feel its time for a green day and should be a nice move up into further price discovery .
Nifty should also bounce tomorrow so recon this is a nice Intra day scalp ..
tata consumer looks like a buy ...1st tgt till 427 and further depends on the supports so trade consciously........
Can we go long here Very bullish stock.. every Dip is a Buy.... lets see how price reacts at these zones
