With the completion of the long-term Flag and Pole pattern, I expect a breakout in Tata Consumer Products for an upside of min INR 200 from current levels.
we received TCPL shares against the TCL merger happened on 15th Jan-24 is record date of company. below is the circular From BSE
www.bseindia.com
However TCL & TCPL both chart are similar patter hence we carry forwarded the trade. we adjust the TCL according chart structure.
* March-202 TO Aug-21 is in Uptrend
* Sep-21 To Oct-23 in Consolidation for over 3...
Tata Consumer
Buy Above 965
For Target : 1005-1090-1195-1301
SL 680
Please consult your financial advisor before investing
All research for educational purposes only.
A good breakout with heavy volumes ND strong rsi was done in tata consumer.
Buy it at 1191-1240
Target 1280 1470
Sl 1165
There is high possibility that 23% will be achieved with in 5-11 week
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...
Tata Consumer Products has created a double bottom pattern on a weekly timeframe and given a decent breakout on a daily timeframe, making it an ideal buy candidate.
Being an FMCG sector stock in India, which has an ever increasing population, also a very young population, makes FMCG stocks a very safe bet for a few years.
Add a decent setup from a technical...
NSE:TATACONSUM
Tata Consumer Products Ltd, a prominent member of the Tata Group, is a key player in the food and beverage industry, both nationally and abroad. This tea company is the second largest in the world and dominates many markets. It has expanded beyond South Asia, with a particular focus on India. foothold in several other regions such as Canada, the...
1.Gud consolidation near break out zone.
2. Less volume on selling candle
3.entry after break out with green daily candle
4. sl will be swing low for swing trade.
Tata Consumer Products Ltd (TATACONSUM) is at all time high and at the peak of the Uptrend Channel.
Previously the price has moved downwards from the peak of the channel and it looks like it can behave the same.
Volume it pretty low.
I am shorting this stock.
Entry - 950
Stop Loss - 970
Target - 900
Risk to Reward - 1 : 2.5
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