Tata Consumer Products is a focused consumer products company uniting the food and beverage interests of the Tata Group under one umbrella. It is home to key brands such as Tata Tea, Tetley, Tata Salt and Tata Sampann. The Company has a joint venture with Starbucks called Tata Starbucks Limited, to own and operate Starbucks cafés in India. The Company also has a JV with PepsiCo in India, called NourishCo, which produces non-carbonated ready-to-drink beverages that focus on health and enhanced wellness.
SHORT TERM PERSPECTIVE
|Company||Tata Consumer Products Ltd.|
|Stop Loss (SL)||Rs.470|
|Time Horizon||2-4 Weeks|
Intermediate and short term trend is up in this stock. The stock has continuously been making a higher top and higher bottom formation on the daily chart which is bullish in nature, after a moil correction the prices have made a Hammer Pattern on the daily chart and resumed its upwards move. Increase in volume and positive diversion from oscillator indicate that it can move higher from current levels so one can accumulate the stock between (Rs 495-500) With a stop loss of Rs. 470 on closing basis and respected target seems Rs 540- 580. Time frame should be 2-4 weeks.
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