Jump to content

TATA CONSUMER PRODUCT Stocks Elliott Wave Technical Analysis


Recommended Posts

TATA CONSUMER PRODUCT – TATACONSUM (1D Chart) Elliott Wave Technical Analysis

  • Function: Larger Degree Trend Higher (Intermediate degree, orange)
  • Mode: Motive
  • Structure: Impulse
  • Position: Minor Wave 4

Details:
Minor Wave 4 might have unfolded as a combination, terminating around the 1000 mark. If this is accurate, Minor Wave 5 should be underway shortly.

  • Invalidation Point: 845

Elliott Wave Analyst:
Harsh Japee

TATA Consumer Product - Daily Chart Technical Analysis and Potential Elliott Wave Counts:

The TATA Consumer Product daily chart suggests a continued rally as Intermediate Wave (5) Orange unfolds. The stock looks set to push through the 1255 mark as Minor Wave 5 Grey begins to develop from levels below 1000.

Intermediate Wave (4) Orange was completed around the 640 levels in March 2022. Since then, Minor Waves 1 through 4 may have reached or are nearing completion. Note that the wave counts have been adjusted from our last update, with Minor Wave 4 now marked as a combination.

Additionally, the Fibonacci 0.50 retracement and channel support confirm the potential termination of Wave 4 around the 1000 mark. If this is correct, Wave 5 Grey should continue its upward movement, aiming to breach the 1255 mark.

Stocks24.thumb.png.ab216aec40ddf0a05c46e2bfb8988abb.png

 

TATA CONSUMER PRODUCT – TATACONSUM (4H Chart) Elliott Wave Technical Analysis

  • Function: Larger Degree Trend Higher (Intermediate degree, orange)
  • Mode: Motive
  • Structure: Impulse
  • Position: Minor Wave 4

Details:
Minor Wave 4 might have unfolded as a combination, terminating around the 1000 mark. A Minute ((w)) - ((x)) - ((y)) structure has been identified, confirming a 3-3-3 pattern. If accurate, Minor Wave 5 should soon begin.

  • Invalidation Point: 845

TATA Consumer Product - 4H Chart Technical Analysis and Potential Elliott Wave Counts:

The 4H chart for TATA Consumer Product highlights the sub-waves between Minor Wave 3 and 4 Grey. This structure is identified as a 3-3-3 pattern, labeled as Minute Waves ((w)) - ((x)) - ((y)), between the 1255 and 990 levels. If this pattern holds, the stock should rally from its current position as Minor Wave 5 begins to unfold.

Stocks24(1).thumb.png.58179b285ccd268b772554e25fbe3f32.png

Conclusion:

TATA Consumer Product may have completed Minor Wave 4 around the 1000 mark as a combination. If this is accurate, Minor Wave 5 Grey should now be unfolding higher.

Elliott Wave Analyst : Harsh Japee

Source : Tradinglounge.com get trial here!

 

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • It’s interesting to see the excitement building around Legend of Arcadia, especially now that $ARCA is live on major CEXs with bullish momentum. The recent buzz could very well be tied to the bullish price upon listing and events like PoolX and CandyBomb on exchanges like Bitget, which usually bring more visibility and engagement. It’ll be worth watching to see if this momentum leads to wider GameFi adoption or if it’s just pre-launch hype.
    • In times of inflation, it's clear that traditional savings can lose value quickly, so looking for ways to protect or even grow your money becomes important. A lot of people naturally think of investing in assets like commodities or stocks, which are popular options, but there are other approaches that can help as well. One option is to explore side gigs or freelance work, where you can make money now rather than waiting for long-term investments to pay off. With inflation affecting costs, it can be helpful to have multiple streams of income.
    • Seems Bitget strategic partnership with Ton ecosystem is paying off as Bitget Wallet Lite mini, hits more than 6 million users in 3 days. On Oct. 31, the exchange announced the official launch of Bitget Wallet Lite, a multichain wallet integrated into Telegram, allowing users to buy, store and send crypto within the app. Few months ago, the exchange launches $20M TON ecosystem fund and also TON network secures $30M investment from Bitget and Foresight Ventures, this led the wallet to surpass Metamask in adoption rate. Some users have shown preference to the wallet as compared to Okx and Binance wallet, could it be the friendly nature or ease to connect Ton project? A recent study shows that the wallet impressive growth cut across emerging markets like Africa, South Asia, and the Middle East, could it be the surge in Ton project that is responsible for this feat? The study also claims that the wallet support for over 100 blockchains, and a wide array of DApps, makes the wallet appealing to a global audience. It further claimed that the wallet support for DEX trading, including features like zero gas fees in certain transactions and instant trading modes could be responsible for the surge in users. https://cointelegraph.com/news/bitget-wallet-telegram-6-million-users-three-days
×
×
  • Create New...
us