Buy Tata Consumer Products Ltd Target Rs. 920- Religare Broking
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* Tata Consumer has had a history of a steady uptrend since 2001 and its pace of inclination has improved significantly in the last six years.
* It usually sees consolidation in a narrow range after a strong up move, without putting any dent in the price trend. Though the decline was abrupt in 2020 in line with others, the recovery was equally sharp, pushing the stock from a low of 209 to a new record high of 881.89 in September 2021.
* It has been seeing consolidation for the last one year while trading within a triangle pattern. It’s currently hovering around the upper band of the range and looks set for a breakout. Participants shouldn’t miss this opportunity and create longs in the mentioned zone.
Buy Crompton Greaves Consumer Electricals Ltd 805 CE@805-807, STOP LOSS 745, TARGET 920
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