TATA CONSUMER PRODUCTS LIMITED (TATACONSUM) Stock - Complete Technical Analysis - Sep 03, 2024

TATA Consumer Products Stock Analysis Key Levels

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, currently trading at 1,199, shows a mixed technical picture. The stock is currently above its short-term moving averages, including the 10-day and 20-day EMAs, suggesting a bullish short-term trend. However, it's slightly below its longer-term SMAs, indicating some resistance. The MACD is positive, suggesting upward momentum, while the RSI is in the neutral zone, indicating neither overbought nor oversold conditions. The ADX is low, pointing to a weak trend strength. The stock's support levels are around the Classic Pivot S1 and Fibonacci Pivot S1 at approximately 1,160 and 1,164, respectively. Resistance can be observed near the Classic Pivot R1 and Fibonacci Pivot R1 around 1,231 and 1,218. The Awesome Oscillator and Bull Bear Power are both positive, indicating potential bullish momentum. The stock is also trading slightly above its Volume Weighted Moving Average, further supporting the short-term bullish view. With the Average True Range showing relatively high volatility, traders should be cautious of potential price swings. Overall, TATA Consumer Products Limited is positioned in a bullish trend with caution advised due to the mixed signals from various indicators.