TataCoffee|Breakout Candidate 8 Month Consolidation|40% Possible
TATACOFFEE
8 Month Consolidation in Triangle Pattern after Multi-Year Breakout in June 2021
Support Retested twice on long term trend line
During Consolidation Price Increase but RSI Decrease >> Sign of decreasing Volatility and Accumulation
Monthly & Weekly RSI > 55 and increasing
Positional Buy Above 250 (Fibonacci Resistance)
Target : 294 - 321 - 368
SL : 180
Golden Cross Over
