Hello friends after a long time , I am Again Back with a New Idea, So Today we are going to Talk about Tata Consumer Ltd . As you Know its a FMCG Company . So on 1 Day Chart it is making a "Channel Pattern" and also making a Bearish Engulfing Pattern which gives you a idea that it can go Down . If i Talk About Targets , So Targets will be :- 530 Rs . So Now Lets Talk About Support and Resistances . So from Its Pivot Points .So its Support Is 590 Rs and 460 Rs if Rare Case Happens and it goes Down so they can become a Support Resistance is 700 Rs . Volume has no Volatility in any Side , Rsi is in Bearish mode and Price is also going Down , Earning Reports are also 66.86% Down and Bearish Engulfing Candle Stick Pattern Gives you a more idea that it can go Down . So From my Opinion it can go "Down" but its on the lower side of the Channel and so for it can go "Up" also. PIease Like because we are having a shortages of Likes .
If you have any Doubt Related to This Idea , This Stock or any other Stock . You can comment me Below . And If You Have any Advice For Me Just write it Down . And also write your opinion on this stock . Stay Safe . Thats all For Today . Bye Bye For Now . 👍 NSE:TATACONSUM Comment Below on which Other Stock You all want to see our Analysis .
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I Think You Should Hold , Because it can go upto 660 Rs or 640 Rs once and if it breaks the lower point of The channel than you can exit
But also remember that it can consolidate there because from my experience most of the stocks consolidate when they come on the low of the channel
but because it a fundamentally Good company so it can go up easily upto 660 or more than that . Thank you . Make sure you follow us and like this idea .
Wishing you a happy day . bye .
bought tata consumer at 653 .. stop loss at 638 target for 692.. can i hold for this swing sir
MAYANKTECHRESEARCHING
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I Think it can go Down no onwards as Global and Indian Markets are Correcting .
rajeshreshamwala51
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i want to switch fm tata consumer to dixon . apart fm technical , fundamental is also poor eg ROE ROCE . please opine
TECHDARSHRESEARCHER
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I Think Market Will Go Down Beacause FII Are Going Out From Indian Market Approx 6000 Cr Or Exactly 5,975 Cr Have Taken Away From Our Market . Thank You . Have A Nice Day .
universalkrishna1
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I bought idea at 9.40 this time the stock goes down to 8.20 should i hold? Please comment
Btw for tata consum my analysis says it will be bearish. my 1st target is 670. This stock should achieve.
MAYANKTECHRESEARCHING
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First of all Hi to all who all are seeing this comment . And I will suggest you all not to buy this kind of "Small Cap Stocks" because can go into lower circuit or in upper circuit and because you have buy Idea when I analyzed this for 1-2 hours on one another timeframe like 1D , 1W and 1 M . I found 2 major Supports First 8.20 Rs and second 7.55 Rs . and you are in a small cap stock so i can't tell you should you hold or exit because what i said and tomorrow it came into lower circuit then you will say because of you i holded it and making loss anotherwise i would have exit . So if you have buyed a large or mid cap stock i will surely tell you to hold or exit . i had told you the labels . Thank you . Stay safe . Good bye .