It can be seen that prices are comfortably above the Cloud. Prices are also above the short and medium-term lines and that gives us a buy-dips zone at Rs 410-416.
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The stock’s returns are pretty solid on all time frames from a day to one year
If you care to look at technical charts before taking investment/trading decisions in the stock market, this is the place you should be visiting regularly.CK Narayan of Chart Advise, Dalal Street's most seasoned and arguably senior-most expert in market technicals, will share his technical tips on the go right here on this page. Stay logged in! Tata Consumer set for a solid show The stock’s returns are pretty solid on all time frames from a day to one year. This can be seen in the top row. The second row shows the Ichimoku indicator levels. It can be seen that prices are comfortably above the Cloud. Prices are also above the short and medium-term lines and that gives us a buy-dips zone at Rs 410-416. Stops can be maintained below those levels. The Momentum dials show three-time frames: intraday momentum is bullish while the multiday and positional momentum is still around neutral and can pick up to support stock advances ahead. Traders can buy for a target of Rs 440/462/483 ahead.
Here is a summary of how Tata Consumer has performed so far (table courtesy Neotrader) RIL: 2000, 1900 important levels
In the last few days, we find that the stock made 3 tops near Rs 2190. It appears that some distribution occurred over there. Prices are now down to the weekly support zone. Break below Rs 2080 will carry the stock to Rs 2000 first but the bigger support is seen only around Rs 1900 levels. These are levels to watch out for ahead of the results.
