#NSE #Tips : I may say 450 to 475 is the good level for buying for the targets of 495/510 levels in the short term.
Holding for Long term, the target towards 600+++
*Disclaimer : I just shared my view. Please analyze and proceed with your comfortable views.
Last week we had expected a breakout above the hourly consolidation. However the stock went into a sideways consolidation on daily time frame basis forming a bull flag like continuation pattern. Tata Consumer Products have recently broken our above all time high and after the breakout the stock has been consolidating sideways into a bull flag continuation pattern....
Britannia has broken out above previous ATH warranting attention. In addition to this the stock has witnessed a breakout from a Bull Flag a continuation pattern. This opens up a opportunity for a Buy trade in Britannia with a Buy at Rs 3702 with stop at Rs 3591 for a target of Rs 3870.
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.
This is a pretty important resistance for Venkeys. The stock has a tendency to retest 1000 levels. The last time such a retest happened, it broke out of an upper circuit spree. This time around, the candles do not inspire confidence as the most recent three indicate a fair bit of choppiness. Volumes appear to be fairly good and momentum seems sufficient to breach...
HUL has been a very stable stock during the COVID crisis. With the broad market showing signs of weakness and HUL being at good support levels, it might just give a reasonable return at a favourable risk-reward.
Elliott Wave Pattern Completed , Double Corrective Flat Followed By Zig Zag
Price Retraced 0.5 Of Its Impulse Wave .
Bigger Time Frame Trend Is Upside .
If Price Respect 2088 Level That Is 0.618 Fib Then It Will Give Big Upside Movement .
Last High Can Also Break .
Find A Bullish Setup Around Demand Zone (Marked Green)
Or Near 2088 Level .
Happy Learning .