tataconsumertataconsumer made inverted head n shoulder pattern on hourly charts with good volumes.
Could be bought with mentioned stoploss & targets.
TATACONSUM1! trade ideas
#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 trend line as the earning are flat to positive
