Mulakan
PriceVolumeRider

TATACONSUM Looking Bearish. Will Show Some Retracement From Here

Singkat
TATA CONSUMER PRODUCT LTD (NSE:TATACONSUM)  
PriceVolumeRider  
NSE:TATACONSUM   TATA CONSUMER PRODUCT LTD
Trend Analysis Technical Indicators tataconsumer nse BSE NIFTY
3
0
trendanalysis indicator tataconsumer nse bse nifty
TATACONSUM

TATACONSUM currently facing some hurdle for uptrend. you can clearly see the same in rectangle.
If you can see candles closing higher have relatively lower volume as compare to candle closing lower. Its clearly indicates professionals are now not interested in higher prices. And somehow prices goes up in particular day they come in and pushes the prices down.
The support for lower prices clearly visible in last 2-3 sessions as prices are getting down with high volume and expansion in price and volume also visible here.
For short targets I will prefer to follow Fib Retracement levels which are plotted on chart. As far as Stop Loss is concern I will keep it above 375 on closing basis.
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.