STOCK : TATA CONSUMER PRODUCT LTD.
CMP : 863.55 (03/07/2023)
ABOUT : Tata Consumer Products Ltd. (formerly known as Tata Global Beverages Limited) is a subsidiary of the Tata Group, one of India's largest multinational conglomerates. Tata Consumer Products focuses on the production, marketing, and distribution of beverages and food products. It was formed as a result of the merger between Tata Global Beverages Limited and the consumer products business of Tata Chemicals Limited in 2020.
(TECHNICAL ANALYSIS CANDLE STICK CHART VIEW)
(CLICK ON ABOVE IMAGE FOR CANDLE STICK CHART VIEW)
OBSERVATION :
After making a ALL TIME HIGH of 889 the stock has formed FLAG AND POLE pattern on a weekly time frame. Once the stock gets breaks out of its pattern we can expect the stock to show 15-20% upside rally coming weeks /months. weekly candle closes above 890/900 can get more power for upside momentum.
Target :- 970/1,080/1188/1290.
How does FLAG AND POLE PATTERS WORKS (CLICK HERE)
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Note : It's important to note that the is just one of many chart patterns used in technical analysis, and traders should always use multiple indicators and techniques to confirm their analysis before making trading decisions
Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation to buy or sell. Please consult your financial advisor before taking any financial decision.
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