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.
Target 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
NSE: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...
The location of trading activity. At the end of the chart, on the upper right, we can see that the trading activity moves in the low part of the value area, between the control and the value low. This is uncharacteristic for an Uptrend. Additionally, the price rotations are becoming narrower, it is starting to rotate between the control and value low.
the trend is...
** ON Daily And 75 Min Time Frame Trend Is On Upside .( Price Is Making Higher High And Higher Lows ).
** Price Taken Support On Trendline And Retraced From Demand Zone .
** Hammer Pattern ( Price Rejected From Demand Zone 323-326 )
After Hammer Dozy Form Indication Of Indecisiveness . Price Unable to close Above Dozy .
Reference Candle Now Is Dozy . After...
