TATACONSUM
is in a narrow ttm squeeze and has a increasing momentum. It indicates that we could see a big move sometime soon. There could be two possible plays. A) it will breakout from the current level
B) it will respect the resistance level and price will get rejected from here and will go back to 750 level support. If it gets rejected from the support level, then it will come back up stronger and break the 780-785 resistance level and break out.
I am more inclined towards B, because it's making shooting star candle at the resistance level which indicates price reversal. If august 9th candle closes lower, then price reversal will be confirmed. If it breaks out of the resistance, it will confirm play A.