Long
TATA COFFEE - Near all time high
Hello all,
Day before yesterday I posted a chart of rise in prices of coffee futures (I have attached the link below). One direct beneficiary of that is TATA COFFEE.
The chart also speaks the same.
The Stock broke a multi year resistance point after a cup formation(A). Made a new high(B), gave a price correction and is now trading very close to ATH level (C).
A position can be made in this but the only problem is that the stop loss would have to be a bit deep (around 200) while the upside target is around 285.
If you wish to enter it, then size your position accordingly.
Do leave a comment if you have any doubt/suggestion/advice for me:)
Happy Trading!
Day before yesterday I posted a chart of rise in prices of coffee futures (I have attached the link below). One direct beneficiary of that is TATA COFFEE.
The chart also speaks the same.
The Stock broke a multi year resistance point after a cup formation(A). Made a new high(B), gave a price correction and is now trading very close to ATH level (C).
A position can be made in this but the only problem is that the stop loss would have to be a bit deep (around 200) while the upside target is around 285.
If you wish to enter it, then size your position accordingly.
Do leave a comment if you have any doubt/suggestion/advice for me:)
Happy Trading!
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