Tata consumer has been consolidating in a symmetrical triangle pattern since mid 2021.
The stock has given breakout of the pattern and can be a good positional stock on the long side since FMCG sector is looking bullish
The stock can be added on dips between 800-820 levels with a SL below 755 DCB.
Minimum target in the stock is ATH levels of 889 above which the stock can reach 1000+ level as well.
Note:-Ideas are shared for educational purposes and should not be considered as a recommendation.
The stock has given breakout of the pattern and can be a good positional stock on the long side since FMCG sector is looking bullish
The stock can be added on dips between 800-820 levels with a SL below 755 DCB.
Minimum target in the stock is ATH levels of 889 above which the stock can reach 1000+ level as well.
Note:-Ideas are shared for educational purposes and should not be considered as a recommendation.
註釋
The longer the consolidation, bigger is the breakout!註釋
Looks like consolidation has finally ended. Big breakout done today註釋
We saw a good move once breakout is done. 850 ti 1130+
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