Republic Day 2025 - Tata Consumer Products Ltd 1st target achieved - Choice Broking
Tata Consumer Products Ltd
Buy TATACONSUM @ 990 & add Upto 960 the Target of 1090/1140
TATACONSUM, currently trading at 990, has broken out of an inverted head-and-shoulders pattern on the daily chart, signaling a bullish trend reversal. A sustained move above #960 could propel the stock toward targets of Rs 1,090 and Rs 1,140, with immediate resistance at Rs 1,027. On the downside, critical support levels are identified at 926 and Rs 900, which provide a strong base in the event of a pullback.
Following a prolonged correction, the stock has rebounded from its support levels, backed by improving technical indicators. The Relative Strength Index (RSI) currently stands at 62.87. indicating strong buying momentum and suggesting continued upside potential. This positive momentum, combined with the breakout pattern, makes the stock appealing to traders and investors seeking medium-term opportunities.
TATACONSUM presents a compelling buying opportunity with price targets of Rs 1,090 and Rs 1,140. Investors can consider buying on dips around #960. The combination of a strong chart pattern and bullish momentum indicators highlights the potential for further upside, while prudent risk management remains essential.
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