While it was running, I thought why?? Why is it running so bad?
Then I realized, it’s just a pattern to chaos theory.
See its very simple. Everyone will learn right now on where to invest in inflation, simple answer will be consumer stocks / Utilities. So, more retail buys tata consumer, more selling will come, until this hits June 2021 levels. When actual inflation will hit the economy, then retail will exit. funny these guys are.
So, a proper inverted round cup. Should come down quite significantly. I am guessing by November end / December, this should be back in action. Until then, I will stay away from it / Short it This is just a chart pattern discussion. Please trade your hard-earned money on advice of a registered stock market expert. I am a newbie trader :)
@Vinay9811, Sire, its slightly long term analysis :) .. Please read through the English. I am bullish on this stock but not now. May be in January 2022.. Not looking at day by day analysis.
DoublebassmaniawithPranav
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@Vinay9811 hope you can see the move now . but I am much more bearish in coming days
@Vinay9811, yea I am tracking Britannia and Tata Consumer side by side.
DoublebassmaniawithPranav
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went exactly as predicted
galaashish15
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you can check reverse cup pattern in day frame too 11aug to 1oct lets watch is it completing handle pattern.
positive thing is it might cross 5days ema with 10days ema and take support on 20 days ema.