My view on TATACONSUM TATACONSUM
Giving breakout on weekly chart.
Double bottom breakout.
Looking tgt 920-930-950+++
Very short term
Keeping on radar Tataconsum 900 CE
TATACONSUM trade ideas
Tata consumyT-1 : 950
T-2: 1080
SL : 800
These are swing idea's which you can add your watchlist and analysis for yourself.
Keep on radar.
Potential upside stock!
This content for only education purpose!
I am not SEBI Register
tata consumer flag break out huge buying observed in second half tooday and broken flag get ready for new higher high protected tgt 1000 short term buy
Tata ConsumerPast couple of weeks has not been good for the FMCG sector but one stock which attracts is the NSE:TATACONSUM . This stock is already in a major bullish trend and has come out of the consolidation phase few days back. The levels are marked for the easy of understanding. Any further development will be posted here.
tomorrow movement of tata consumer productsTataconsum at important zone. for tomorrow a breakdown and retest will be a good entry point for intraday trading on sell side and if bounce from support zone and retest will be a good entry point for intraday trading on buy side.
TATA CONSUMER PRODUCTS Price is at all time high make higher high and take break out at resistance level with High volume and make retest at that level , 100 EMA is below 50 EMA that is bullish Sign , MACD and histogram also saw fair value for bullish way so first Target will be 986.90 and Stop loss will be 797.40
This is for educational purpose not a trading advice so that's my view comment down your view 🤗
Tata Consumer Tata Consumer based on monthly can rally upto 1300±.
If needed can start accumulating from current level till 1750.
Its a long term view. Patience is important.
Shared based on chart pattern. This is for educational purpose. Do your analysis from your side too.
TATACONSUM
NSE:TATACONSUM
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
TATACONSUM views as of nowThis script seems to be taking support at right place. So, I am having a long bias towards the near-term target as shown in the chart drawing.
Tata consumer products analysis Hello traders i hope you are doing well. Today i will share u tata cons product analysis.
TATACONSUM DOUBLE BOTTOM FORMATIONThe price corrected 16% from the level of 820 and price continuously formed lower lows & lower highs. And now price formed DOUBLE BOTTOM formation on daily chart which considered as bullish formation for the price. Downward trendline also resisting the price from the upside. If price breaks the level of 810 and closes above it than target will be 722/740/760 towards the upside.
The level of 685 is support level for the price. Breakdown below 685 leads more fall in the price
TCS BREAKED THE TRENDLINE WITH DOUBLE BOTTOM PATTERNTCS Formed Double Bottom Pattern in a Bearish Trend and Then the Price Retested the Last High and Goes Bullish and Broke the Trendline.
TATACONSUM - Weekly AnalysisIn the Weekly Chart of TATACONSUM ,
we can see that, after the breakdown and 13 weeks of strong sell, we saw a Strong Pullback Candle.
Now it has retested.
Enter on breaking its high with low as SL.
INTRADAY IDEA ON 12-04-2023long trade after retest of breakout, because they formed an double bottom patreen as explained in the chart, this content is for educational and learning purposes only.
Tata Consumer - VCPIf you cannot recognize this pattern, will really recommend Minervini's books.
Textbook SL and entry, good governance, turnaround in FMCG happening.
Have fun!
Reversal ?After forming the wedge chart pattern, we had almost a 15% downward move.
I reckon there would possibly be a reversal
reasons :
1. Consistent volume of green candles
2. Tested a zone of demand
3. At the end of the Bollinger-Bands
If the stock breaks the zone of Demand it'll move towards the 200MA
or
if the stock does reverse then it'll move to the trend where it'll face some resistance
But Remember to trade with the trend
TATACONSUM - Weekly AnalysisIn the Weekly Chart of TATACONSUM ,
we can see that, after the breakdown and 13 weeks of strong sell off we could not even see a pullback.
Now we can see that, it is holding its position and
Double Bottom Pattern with Strong Bullish Hammer Candles has been formed.
We can see a good up move in coming weeks.
Rejection Candle act as a Reversal of Trend Rejection Candle act as a Reversal of Trend . Above rejection candle high we will see a continuation move
TATACONSUM AT MAKE OR BREAK LEVEL !!!The price trading near weekly demand zone. A significant decline has been seen in the price and the price is now trading near the demand zone. so the price can takes rest from the decline and can move upwards from the support zone.
If the price respects the support zone and if any bullish candle or formation is formed then we can build our position to the upside.
👉Price At weekly support of 695
👉Reversal from support possible
👉Target 733/758/775+
👉Stoploss below 695 close.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad.
predictive analysis of tataconsum in wcb.NSE:TATACONSUM presently near at major support zone, can make a reversal from that support. drawn future 2 paths as per present price action and support resistance zones.
short target 708As weak structure showing go for short when pullup of minimum target 708 ................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
bearish on tataconsumercurrently in downtrend on the day chart. Resistance candle followed by confirmation candle. Broke two day low on 15 mins.
