Tata consumer products ABCD pattern •CMP: ₹1080 | Stop Loss: ₹1040 Target:*1200
DISCLAIMER: I am NOT a SEBI registered advisor or a financial adviser. All the views are for educational purpose only.
Tataconsumerview
Stock Analysis – Tata Consumer Products Ltd (TATACONSUM) 📅 Date: January 30, 2025
📊 Timeframe: Daily Chart
📌 Market Snapshot
- Change: +57.95 points (+5.99%)
- Volume: 5.03M (Above 20-day avg: 1.95M)
- Momentum Indicators: RSI breakout
- Candle Pattern: Strong Bullish Candle (forming)
⚡ Levels to Watch
🔴 Resistance Levels (Above Current Price)
🚀 1,047.93 – Immediate resistance
🚀 1,071.22 – Next resistance zone
🚀 1,111.23 – Major resistance
🟢 Support Levels (Below Current Price)
🔻 984.63 – Short-term support
🔻 944.62 – Key support zone
🔻 921.33 – Strong base
🚀 Conclusion
Tata Consumer is showing strong bullish momentum, with a breakout in RSI and a developing strong bullish candle. The significant volume increase suggests strong participation, supporting the possibility of further upward movement. Price action near resistance levels should be watched closely, with key support zones below.
Could Tata Consumer continue its upward momentum and break through resistance levels, or will it face a pullback to test key support zones?
TATA CONSUMER GIVES BRAKEOUT AFTER A LONG CONSOLIDATION PERIODNSE:TATACONSUM
TATA CONSUMER Gives brake out after a consolidation period
Buy 1125-1135
SL 1090
Target 1195 (Short Period), 1305+ (Long Period)
Time 5-6 days
