Tata Consumer Products Ltd. (NSE) 1D - Breakout and retest

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Tata Consumer Products Ltd. (NSE) 1D - Breakout and retest Tata Consumer Products LimitedNSE:TATACONSUMDr_BeanThe stock recently broke above a descending trendline (orange), signaling a potential trend reversal. Current price is ₹1,126.80, consolidating just around the breakout zone. Support & Resistance: Immediate support: ₹1,098.85 Strong support: ₹1,037.35 Resistance levels: ₹1,154.75 → ₹1,182.65 → ₹1,210.60 → ₹1,238.50 Pattern Analysis: A downtrend breakout is visible with a successful retest. If the price sustains above ₹1,126, momentum may build toward higher resistance levels. Failure to hold above ₹1,098 could trigger weakness back toward ₹1,037. Volume Analysis: Recent green candles are supported by above-average volumes, suggesting buying interest behind the breakout. However, the last candle shows some profit booking, meaning the next few sessions are crucial for confirmation. 📌 Conclusion: The stock is at a critical breakout retest zone. Sustaining above ₹1,126 with strong volume can push it toward ₹1,175–1,210. A breakdown below ₹1,098 may weaken the setup. ⚠️ Disclaimer: This chart is for educational purposes only. Regulatory Note: We are an independent development team. Our services are not registered or licensed by any regulatory body in India, the U.S., the U.K., or any global financial authority. Please consult a licensed advisor before making trading decisions.