TATA CONSUMER

Chart Patterns Identified:
Triangle Pattern (2021–2022)
A consolidation phase followed by a breakout.

Rising Wedge (2022)
A bearish reversal pattern, which led to a breakdown.

Falling Wedge (Late 2022)
A bullish reversal pattern that resulted in an upward breakout.

Double Top Pattern (2024)

Top 1 & Top 2 indicate a potential bearish reversal.

Breakdown from neckline suggests a bearish target around ₹800.

Technical Indicators:
MACD (Moving Average Convergence Divergence):
MACD line (blue) is above the signal line (orange), indicating bullish momentum.

Positive histogram bars further support bullishness.

RSI (Relative Strength Index):
RSI is currently around 60.60, suggesting moderate strength.

It's not in the overbought zone (>70), indicating more room for upside.

EMA (10-Week):
Current price is above the 10-week EMA (₹1107.34), confirming short-term bullishness.

Volume:
Recent candles show moderate volume, with no extreme spikes. Volume confirmation of breakouts is modest.

Conclusion:
The stock has shown a bullish breakout from a falling wedge and is trading above key moving averages.

However, the double top formation from 2024 indicates a potential bearish target if support levels are breached.

RSI and MACD support the current bullish move, but caution is advised around resistance zones near ₹1200.