TATA CONSUMER PRODUCTS LIMITED (TATACONSUM) Stock - Complete Technical Analysis - Sep 16, 2024

Tata Consumer Products (TATACONSUM) Stock Analysis: Key Levels & Indicators Revealed

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions.

Tata Consumer Products Limited (TATACONSUM) Stock Analysis:

Current Price: 1,218

P/E Ratio: 116

Book Value: 138

Dividend Yield: 0.64%

ROCE: 11.0%

ROE: 8.26%

Face Value: 1.00

Tata Consumer Products is currently trading at 1,218, which is approximately 3.02% below its 52-week high of 1,256.44 and 43.94% above its 52-week low of 846.53.

Technical Indicators:

MACD: The MACD line is above the signal line, indicating a bullish trend.

RSI: The RSI is at 58.47, suggesting that the stock is in a neutral zone but approaching overbought conditions.

Stochastic %K: At 83.15, it indicates that the stock is nearing overbought levels.

Stochastic RSI: With a reading of 84.23, it confirms that the stock is in the overbought territory.

ADX: The ADX is at 12.63, reflecting a weak trend with minimal directional movement.

Commodity Channel Index (CCI): The CCI is at 103.66, which indicates that the stock is currently in an overbought condition.

Awesome Oscillator: With a value of 17.31, this shows a bullish momentum.

Williams Percent Range: At -14.59, it suggests overbought conditions.

Bull Bear Power: The indicator stands at 23.88, pointing to bullish strength.

Ultimate Oscillator: The Ultimate Oscillator is at 49.44, indicating a balance between buying and selling pressure.

Moving Averages:

Short-Term: The stock is trading above the 10-day EMA and SMA, which are at 1,205.5 and 1,200.86 respectively, signaling a positive short-term trend.

Medium-Term: The 20-day EMA and SMA are at 1,199.53 and 1,199.45, respectively, indicating that the stock is holding above these levels, suggesting continued bullish momentum.

Long-Term: The 50-day EMA and SMA are at 1,180.61 and 1,186.19 respectively, with the stock trading above these levels. The 200-day EMA and SMA are at 1,097.92 and 1,115.59, indicating that the stock is in a longer-term uptrend.

Chart Patterns:

Doji (Indecision): The recent Doji candlestick pattern reflects market indecision. The stock opened at 1,220.0, with a high of 1,223.75, a low of 1,207.0, and closed at 1,218.5.

Spinning Top: The Spinning Top pattern, characterized by a small body with long wicks, also suggests indecision in the market. This pattern reinforces the current uncertainty.

Support and Resistance Levels:

Immediate Support: 1,160.15

Immediate Resistance: 1,231.0

Overall, Tata Consumer Products Limited (TATACONSUM) exhibits a mixed technical picture with bullish momentum indicators and some overbought signals. The stock is currently in an uptrend, but traders should watch for potential resistance around 1,231.0 and support at 1,160.15. Given the indecision patterns and overbought conditions, caution is advised for new positions.