NSE:TATACONSUM   TATA CONSUMER PRODUCT LTD
Observations:-
This stock nicely follow
-> 20-200 EMA Cross over multi-bagger medium-term pattern (Signal MEB in the chart)
->5-8-13 EMA Cross over for the short term (Signal 3EB in the chart)
-> 20 EMA works as support resistance for this stock

The indicator is available for testing -
5-8-13 & 20-200 EMA Cross Over

Currently buy reasons
1) Stock closed above 20 EMA
2) 5-8-13 EMA Cross over
3) Falling Wedge broke with rasing RSI

Futures data:-
OI Decreasing Price Increasing - Shor Covering rally- Bearish out of this, bulls need to come

Nov 6th Result is there I guess stock is preparing for that

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.