tataconsumertataconsumer made inverted head n shoulder pattern on hourly charts with good volumes.
Could be bought with mentioned stoploss & targets.
#TATA CONSUMER#TATA CONSUMER trading 752 formed bullish patern,
yesterday trading our retracement level
and if it fail that level,
we can SELL below 748 and tgt for 720
positional tgt 658 and
follow SL 775 closing basis
1 Day breakout trend line near price after earnings.According to the earnings the net profit has risen 4 % in (QoQ) and 9 % growth on (YoY)
My idea is to buy near 790.50 to 785.05
with a stop loss of 779.90
For 1st Target of 817
2nd Target of 860 (with a trailing stop loss)
I think that there will be a bounce back from the 1 Day breakout tre
See all ideas
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Frequently Asked Questions
The current price of TATA CONSUMER PROD FUTURES is 943.45 INR — it has risen 3.44% in the past 24 hours. Watch TATA CONSUMER PROD FUTURES price in more detail on the chart.
The volume of TATA CONSUMER PROD FUTURES is 2.76 M. Track more important stats on the TATA CONSUMER PROD FUTURES chart.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For TATA CONSUMER PROD FUTURES this number is 13.59 M. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for TATA CONSUMER PROD FUTURES shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for TATA CONSUMER PROD FUTURES. Today its technical rating is sell, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of TATA CONSUMER PROD FUTURES technicals for a more comprehensive analysis.