Tata Consumer Product-Intraday for 02.05.2024

1. Price is at strong support level at Day TF

15 Min TF
1. After a big fall, Price is consolidation in sideways at strong support and resistance level.
2. M Pattern has formed and expected to big breakdown if support level breaks.
3. 200 & 50 EMA has reacted at resistance indicating bearish.
4. Chances of forming bearish flag pattern

Risky Buy: Above 1100(Target 8 points)
Strong Sell: Below 1181(Target 20 Points)

Get confirmation from any of the leading indicators before entering trade

Kindy comment below in case of any clarification required. Please follow for more ideas

Trade fechado: objetivo atingido:

Target reached for upside if traded at given price.

Now, Look for downside if price rejected from 200 EMA for bigger profits

Trade fechado: objetivo atingido:

As mentioned in above update. Downward trade also achieved profit