ANALYSIS ON TATA CONSUMER PRODUCT
Positional Swing Trade Analysis:
Time Frame: Hourly
Fibonacci Retracement:
Price is above the golden ratio (61.8% level) at ₹1159.65.
Indicates strong bullish momentum.
RSI (Relative Strength Index):
RSI at 65.60, approaching the overbought zone.
Suggests potential upward pressure.
Middle Band Support:
Price holding support at the middle band (₹1159.60).
Indicates a robust support level.
Trade Strategy:
Consider a buy on dips strategy.
Monitor price movement around the middle band for potential entry points.
keeping an eye on upcoming financial results
Disclaimer:
This analysis is for educational purposes only.
Market conditions can change; perform due diligence before trading.
Consult with a financial advisor for personalized advice.
Time Frame: Hourly
Fibonacci Retracement:
Price is above the golden ratio (61.8% level) at ₹1159.65.
Indicates strong bullish momentum.
RSI (Relative Strength Index):
RSI at 65.60, approaching the overbought zone.
Suggests potential upward pressure.
Middle Band Support:
Price holding support at the middle band (₹1159.60).
Indicates a robust support level.
Trade Strategy:
Consider a buy on dips strategy.
Monitor price movement around the middle band for potential entry points.
keeping an eye on upcoming financial results
Disclaimer:
This analysis is for educational purposes only.
Market conditions can change; perform due diligence before trading.
Consult with a financial advisor for personalized advice.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.