Tata Global Beverages Ltd on a daily & weekly chart
stock price is making higher highs and high lows pattern with increase in
volume, indicate positive outlook for the stock price. On a daily chart stock
price has given the breakout at Rs.144 of ascending triangle pattern and its
closed above the same, indicate ongoing rally will continue towards north.
Momentum oscillator MACD has given the positive crossover, which add more
bullishness for the stock price.
If one were to go by the
volume data, a higher upswing is seen on the stock price. Trader or investor
can accumulate at Rs. 145 for the target of Rs. 158/166 levels, with Rs.138
stop loss on closing basis.
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