Name - TATACONSUMER
Pattern - Cup and Handle
Status - Need to close above 1247
Cmp - 1200
Target - Need to close abv 1247
SL -
Fundamentals: Good
Here are some key financial ratios for Tata Consumer Products Limited:
Price-to-Earnings (PE) Ratio: 73.411
Debt-to-Equity Ratio: 0.092
Return on Equity (ROE): 6.5%2
Net Profit Margin: 7.35%3
Revenue Growth (1 Year): 10.53%4
Enterprise Value to EBITDA: 49.253
Price-to-Sales Ratio: 7.353
Pattern
The Cup and Handle pattern is a bullish continuation pattern often used in technical analysis. Here’s a breakdown of its key features:
Structure
Cup: The pattern starts with a rounded bottom, resembling a “U” shape. This indicates a period of consolidation where the price gradually declines and then rises back to the original level.
Handle: After the cup is formed, a smaller consolidation or slight downward drift occurs, forming the handle. This part typically has lower trading volume.
Interpretation
Bullish Signal: The pattern is considered bullish, suggesting that the price is likely to continue rising after the handle is formed and a breakout occurs above the resistance level at the top of the cup12.
Volume: Ideally, volume should decrease during the formation of the cup and handle, then increase during the breakout1.
Trading Strategy
Entry Point: Traders often enter a position when the price breaks above the resistance level formed by the top of the cup.
Stop-Loss: A stop-loss order is typically placed below the lowest point of the handle or the cup to manage risk2.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.