TATA COFFEE Daily NSE Stock Chart Technical Analysis:
Tata Coffee had a big rise today, probably was the biggest gainer on the NSE. It rose from 579 to a Close of 671 on a single day.
Though this sounds exciting, it is noticable on the chart that price had risen in exactly the same way on 19th January, about 1.5 months ago. A repetition of the rise in the same exact price range makes me wonder, as it is quite unlikely that an exactly same price rise will repeat.
You can also notice that while on 19th Jan 8 Million Tata Coffee were traded, only 4.12 Million were traded today, even then price rose exactly similar.
This seems like operator activity rather than real market rise due to investor interest.
Moreover, the price has repeated made two tower top formations in succession, and this might be a 3rd one.
Only if it remains above 765, can this be considered as rising further.
So I would wait before running into this rise. Better safe than sorry.
Tata Coffee आज ज़ोरदार उछला लेकिन ऐसा ही उछाल १९ जनवरी को आया था, जैसा की आप चार्ट पे देख सकते हैं. यह थोडा अजीब है, की उसी जगह पर वैसा ही उछाल आया है. और जबकि १९ जनवरी को ८० लाख शेयर का सौदा हुआ था, आज सिर्फ ४१ लाख शेयर का ही सौदा हुआ है. जब तक यह शेयर ७६५ के ऊपर जाके वहां पर नहीं टिकता है, में इसे खरीदने से रुकुंगा.
TATA COFFEE Daily NSE Stock Chart Technical Analysis
