Tata Consumer | BUY

15 de ago. de 2020

The stock broke out of ₹525 last Thursday, thereby confirming the bull-flag chart pattern. After marking a high of ₹544.5, the price softened and is now finding support of 20-day simple moving average. Since the scrip is in a sharp uptrend, it is expected to extend the rally in the upcoming sessions and so, the current price level seems like good entry area. The pattern indicates a potential rally to ₹600 to ₹610.