As of January 2, 2025, Tata Consumer Products Limited (TATACONSUM) closed at ₹929.65 on the National Stock Exchange (NSE), marking a 1.02% increase from the previous day.
In the daily time frame, the stock has been exhibiting a sideways movement, with no definitive momentum.
Analysts have identified a potential cup and handle pattern forming on the daily chart, suggesting a bullish continuation if the stock breaks above the ₹1,250 resistance level.
Key support levels are observed at ₹1,063 and ₹1,017, while resistance is noted near ₹1,250.
The stock's all-time high was ₹1,253.70 on March 11, 2024, and its all-time low was ₹42.80 on November 25, 2008.
Given the current technical indicators and chart patterns, monitoring the stock's movement around the ₹1,250 resistance level is crucial for potential bullish opportunities.
However, the sideways movement suggests caution, and investors should consider these factors alongside their risk tolerance and investment strategy.
Disclaimer: This information is for educational purposes only and should not be construed as financial advice. Please consult with a financial advisor before making any investment decisions.
In the daily time frame, the stock has been exhibiting a sideways movement, with no definitive momentum.
Analysts have identified a potential cup and handle pattern forming on the daily chart, suggesting a bullish continuation if the stock breaks above the ₹1,250 resistance level.
Key support levels are observed at ₹1,063 and ₹1,017, while resistance is noted near ₹1,250.
The stock's all-time high was ₹1,253.70 on March 11, 2024, and its all-time low was ₹42.80 on November 25, 2008.
Given the current technical indicators and chart patterns, monitoring the stock's movement around the ₹1,250 resistance level is crucial for potential bullish opportunities.
However, the sideways movement suggests caution, and investors should consider these factors alongside their risk tolerance and investment strategy.
Disclaimer: This information is for educational purposes only and should not be construed as financial advice. Please consult with a financial advisor before making any investment decisions.
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Penerbitan berkaitan
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.