Tata Consumer Products Ltd

NSE :TATACONSUM   BSE :500800  Sector : Plantation & Plantation Products

On the daily chart, we can see that TATACONSUM share prices are sustaining above the crucial support levels. The important thing to witness is that it has taken support of the Ichimoku Cloud which is connecting prior intermediate lows very well. Two days back stock took support of Middle Band Bollinger very well and as of now managing to sustain near upper band which hints towards positive momentum.

In short, the trend for Tata Consumer is positive. Prices can take support near 654-655 levels. Use dips as a buying opportunity for a move towards 700 levels as long as 640 holds on the downside.

Check More Analysis on Tata Consumer at: Tata Consumer Products Ltd

Emami Ltd

NSE :EMAMILTD   BSE :531162  Sector : FMCG

In the daily time frame, the stock is moving in the form of a Diamond pattern. Prices are approaching the upper line of the pattern near 510-511 levels. For a sustainable breakout to occur, stock will have to take this zone out convincingly. The 50 day Exponential Moving average is acting very well on the stock. With the application of Ichimoku cloud we can see that prices are approaching the upper cloud. The base and conversion line acted as a support to stay in upward direction.

In short, EMAMILTD seems to be sideways to positive. A break above 511 can take prices towards 540 or higher levels. One can stay bullish as long as 490 remains intact on downside.

Check More Analysis on EMAMI at: Emami Ltd