T

TATACONSUM.NSE

Technical Analysis – Tata Consumer Products Ltd. (Monthly)

Long-term

Equities

12 days ago

Tata Consumer is in a long-term uptrend, supported by a well-defined rising trendline, indicating sustained structural strength over time.

Currently, the stock is trading near the first support zone of ₹1,030–₹1,040, which also aligns closely with the rising trendline. This confluence makes it a crucial support area for maintaining the long-term trend.

Price has faced rejection near the resistance zone of ₹1,250–₹1,255, indicating presence of supply at higher levels.

Resistance: ₹1,250–₹1,255

Immediate Support: ₹1,030–₹1,040 (Trendline Support)

Major Support: ₹875–₹885

Outlook:

The long-term structure remains positive as long as price holds above the trendline support. Sustaining above ₹1,030 may lead to consolidation or gradual recovery, while a breakdown could weaken the structure towards lower support levels. Investors are advised to monitor price action near key support for confirmation.

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Posted by

VITHULDAS

Moderator

12 days ago

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