TATA Global Bevarages

Hi All,

One can go for long, if stock crosses 130 upside.

Regards
Sujan

 

Good pick.

 

Thanks sanjay.

 

Thx Shabbir

 

Break out @129 yesterday and today it is @ 130.1.
Iam going to buy tomorrow at cmp with stop loss of 120

 

TATA global in full swing today

 

Again Breakout pattern in TATA GLOBAL after consolidation. It is trading at 141 now.

 

Volume also is very high.

 

Hi Shabbir & Sujan,
Can I enter Tata Global beverages at CMP 140.9.. Please suggest.. Thanks..

 

Thanks Shabbir.. I will keep a stop loss of around 130.. The bottom part of solid W pattern.. Is that fine, Shabbir?..

 

Ok.. Sure.. Thanks so much.. I bought 200 shares @ 141.30..

 

I think stop should be 127

 

Tataglobal-W or ascending triangle pattern ?

Dear Shabbir ! Please clarify.....As far as I know there should be prior downtrend for double bottom(W pattern) to be formed.Because W is a reversal pattern.It changes the prior downtrend to uptrend. In the case of Tataglobal there is a long term uptrend ....So in my view it is an ascending triangle pattern which is a bullish continuation pattern.The upper resistance was at 138 which was broken today with high volume.So its a buy with a stoploss 127.Please clarify....Thanks

 

It is reversal pattern which confirms the end of downtrend and after the reversal it can form so many time if a stock is making high top high bottom.
Don't read a complete chart of 1 year as a up trend it has three phases, in starting it is in uptrend then in mid consolidation and little bit down trend then with w break out reversal and now it is making high top high bottom as simple as that.
Plz don't force any pattern on chart to avoid losses cause I don't see any ascending triangular breakout here.