Tata Consumer is has closed just above an upward trending support line showing a clear buying interest at lower levels. If the stock closes above the 50 DEMA line then clearly it will lead to the upper band of the channel.
Guys short analysis for Tata consumers.
Tata consumers is consolidating since long time within range of 554 & 654. Suggesting a long entry based below points.
1.High of 654 was broken on 6th April 2021 with Good volumes
2. if you see on Daily chart Price is moving in price channel as marked.
3. RSI also Bullish on Daily, weekly as well as on Monthly chart.
JUST LOOK AT FIGURE AND JUDGE WHAT MIGHT BE THE PATTERNS APPEAR?
SEE ALL MY PUBLICATIONS, IT TAKES AT LEAST 30 TO ANALISE FROM DIFFERENT ANGLES, IF THE ANALYSIS SEEMS TO GIVE BOTH KNOWLEDGE AND PROFIT, THEN ONLY LIKE SUBSCRIBE AND SHARE TO YOUR FRIENDS.
1. 553.30 IS THE MAJOR RESISTANCE LEVEL SUPPORTED 8 TIMES.
2. FORMED HIGHER HIGH IN...
SUPPORT 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 **