TATACONSUM Tata consumer stock is at bearish harmonic PRZ. In simple language the stock is at resistant. as per this harmonic pattern stop loss is quite big as mentioned on chart.
CMP= 739.80 Reversal Zone = 741.80 to 772 ( if one can find reversal in this zone they can short this stock as per their trade setup.) Stop loss = 772 Closing Basis ( if you wanna trade on as per harmonic patterns then you must know what is reversal as harmonic is all about reversal trading. and you have to follow stop loss one you enter as per your trade set up.)
If you know how to trail stop loss then most of the time you will get swing trades on harmonic reversal ( both side long and short).
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.