TATA COFFEE

13 באוק׳ 2021

Tata coffee has recently given breakout along with good intensity of volume, as per wave structure, it is suggesting that wave 1-2-3-4 are completed and now its in wave 5, and in smaller degree under wave 5 it is in wave 3rd of it.
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Trend indicators suggesting
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1) macd in weekly is uptick and above zero line which is allowing to go long
2) macd in daily is positive crossover uptick above zero line, aligned with buying signal
3) relative strength index is also uptick above 70, aligned with buying signal
4) dmi adx is also positive uptick, aligned with buying signal
5) upper bollinger is also in momentum buying, aligned with buying signal
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Overall, all the scenarios are suggesting uptrend ahead, one can go long at current levels or in dips (if any) with mentioned key levels on chart.

Disclaimer
i am not a sebi registered analyst
my studies are for educational purpose only
please consult your financial advisor before trading or investing