Market insights
Can we go long here Very bullish stock.. every Dip is a Buy.... lets see how price reacts at these zones
TATACONSUMERNSE:TATACONSUM
Tataconsumer has again taken support at our levels of 408.50 which was its day low too, just see the marked levels and play for bounce on upside if support sustains, else downside levels given.
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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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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.
***********************************************************************************************************************************************
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.
TATA CONSUMER PRODUCT It has gone below its support line with a red candlestick, a cross on 4hr chart is imminent, some positive gains today will make it a good intraday candidate for Monday/Tuesday next week.
TATA CONSUMERS Tech.ANALYSISSUPPORT AND RESISTANCE
SUPPORT 420, 405-400, 380
RESISTANCE 440, 455.
THIS MAY STOCK MAY BECOME RANGE BOND BETWEEN 440 TO 415 FOR COUPLE OF DAYS...
** I AM NOT A SEBI REGISTERED ANALYST I JUST SHARE MY PERSONAL VIEW **
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.
TATA CONSUMER | BULL FLAGTata Consumer Products have recently broken our above all time high. After the breakout the stock has been consolidating sideways into a bull flag. A breakout above opens target of about 474 on the upside.
TATA CONSUMERThe ascending channel move is still on, once it crosses 408.60, take entry with 408 as sl and play on for target of 415 and 420
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.
TATA CONSUMERThe pattern of HH HL has been good, looks like it is poised to test its high's of March which is 400 and 407, with a stop loss of 382 it can be a long for the said targets.
TATA CONSUMER LongTata Consumer is moving in a channel and looks to moving upward from it's channel support
Buy above 375 for safe entry. Look for volumes rise
All levels specified on chart.
Note: Do your own analysis before taking any trade
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.
Long Tata Consumer ProductsTarget and Entry shown by Horizontal lines. Stop Loss as per individual risk management.
Basis
1. 20 SMA crosses 50 SMA indicating uptrend
2. RSI on monthly chart above 60
finding an opportunityits in uptrend ....as per the pattern...risk reward ratio is very good for long ..i have entered.
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.
