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

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Trade closed: target reached:

Target reached for upside if traded at given price.

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

Trade closed: target reached:

As mentioned in above update. Downward trade also achieved profit