TATACONSUM trade ideas
Tata Consumer Product Ltd . The beauty of Trend & PatternsThe idea here is about :Tata Consumer Product Ltd.
I thought of publishing this to show the beauty of how the trend is interconnected with harmonic, wave patterns & market sentiments.
Below are the points taken from the chart:
1. On 15th September 2021 downtrend channel begins & till 16th November 2021 chart completes double top & Bearish ABCDE pattern.
2. From 16th November 2021 till 20th December 2021 price sees a downtrend breaking the previous support zone.
3. From 20th December 2021 till 14th January 2022 price retraces but gets rejected from the previous support zone which is now become a resistance zone.
4. From 14th January 2022 till 7th March 2022 price continues in the downtrend direction forming a falling wedge pattern.
5. From 7th March 2022 till 2nd May 2022 price moves in the opposite direction of the downtrend and breaks the downtrend channel. I see it as over brought zone. Price couldn’t keep the upward momentum & again gets back in the downtrend channel from 4th May 2022 till 26th May 2022 and tests the newly formed support zone.
6. From 26th May 2022 to 7th July 2022 price tries to break the downtrend and forms a ascending triangle, price breaks the downtrend successfully on 8th July 2022. This is a clean break out of the downtrend channel.
7. 8th till 14th July 2022 price retests the downtrend and confirms a upward momentum.
8. From 12th July 2022 till 12th August 2022 price completes shark pattern.
9. Shark Pattern: The shark candlestick pattern is a new harmonic chart pattern discovered in 2011 by Scott Carney that indicates a trend reversal possibility.
Entry, stop loss & Exit targets are provided for understanding the shark pattern on the chart.
As traders we cannot foresee things clearly until certain points are established on chart. Therefore it is always better to have patience and wait for clear signals before we make our move in the market.
One should always swim along with the market instead of hopping on and off at the wrong time.
Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”.
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tata consumer all set for 5-6% movetata consumer all set for 5-6% move
Trendline breakout
tf 6-15 days
TATACONSUMER - Harmonic PatternThere is been a probability of Butterfly Harmonic Pattern on the weekly chart of TataConsumer Ltd.
Positive price action
Price should close above 815 levels on weekly chart, for this probability to unfold
If it unfolds, stock most probably is moving towards 950-970 levels in the coming weeks and months.
Good support at 750-760 levels
Type of Trade: Positional Long Trade
i would be buying on a dip and also pyramiding on the way up.
Buy Long tata Consumer at 838 fot target of 951,SL-822,NSE:TATACONSUM Cup and handle pattern break out with huge volume, timeframe-1 month expected returns-13.48%
Tata Consumer Product IndiaSSI Live Trading Series
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Tata Consumer_WeeklyTata Consumer Products is a fast-moving consumer goods company with its corporate headquarter in Mumbai, and is a part of the Tata Group. Its registered office is located in Kolkata. It is the world's second-largest manufacturer and distributor of tea and a major producer of coffee.
Only for educational purpose.
TATA CONSUMER buy for intraday tradingTATA CONSUMER buy for intraday trading if stock break the given resistance level........
Is this a clear Rounding Bottom Pattern identified? Hi There,
I want to share the chart of TATA Consumers and was looking to understand if this is a clear case of rounding bottom and expect price to cross 800?
Comments and thoughts welcome :)
TATACONSUMER buy for intraday tradingTATACONSUMER buy for intraday trading if stock break the given resisence zone..............
TATA Consumer buy for intraday tradingTATA Consumer buy for intraday trading if stock break the previous days high then we will enter in trade...........
TATACONSUMER buy for intraday tradingTATACONSUMER buy for intraday trading if stock break the given resistance level..........
TATACONSUMERIntraday Chart Analysis & Target for TATACONSUMER . Check Daily Chart Pattern, not interested in selling...
Tataconsumer view for tomorrowTataconsumer view for tomorrow
Follow the levels in chart
Risk reward is appreciable
Tataconsumer levels for tomorrowTataconsumer have good support...
If break the levels then upside view...
Tata Consumer Products India Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
#debadipb #profitsolutions
TATA Consumer Short term target 750 , 780 Tata consumer has been on sell side pressure in recent months and might have found a bottom. Short term target around 750 and 780 in few weeks.
TATACONSUMER RANGETATACONSUMER something cooking in range
wait for break.My view slightly on bullish mode.
All levels are education purpose only
