Tata Consumer Products have recently broken our above all time high. After the breakout the stock has been consolidating sideways into a bull flag. A breakout above opens target of about 474 on the upside.
daily close of 27 may is above trend line.
sorry unable to update here for some reason.
Selling Volume also looks really big so will take 50% profit at 5% and with stop at entry and hold for another run
Hello buddies,
buy only after 780 for target toward 810-835-860, Stoploss: 755
Thanks, tired from writing more about idea LOL
I mention everything in the chart
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...
Tata motors have been on the down trend since 2016. TATA motors should hold these levels and accumulate for a trend reversal or we make new lows.
The old lows hold it or its gonna keep on dumping? lets find out.
With a very strong pole and a great volume supporting it, the flag has a high probability to break towards the upside. With setting an SL at 376.50 the stock can go long upon meeting the support of the flag.
Tata Global Beverages Ltd almost 40% down from its 52 week high.
It may continue its downward journey atleast 20% more from current price.
Its PE ratio is also inline with industry PE ratio, which indicates uptrend from here will make this stock overly bought/ high price.
Bottom fishing can be done starting from 150-160 range for a long term perspective.
