Tata Coffee – On the radar of Big Bosses

Anybody who looks below attached chart will agree with me that, for sure there are big hands involved in Tata Coffee.  If we see past price movement than it is quite evident that since from May’11 till June’12 Tata Coffee moved in the range of 900-800 barring few jerks, and that to were too small.  From June’12 onwards activity picked up and price moved gradually higher & higher.  In fact on 16 Nov, 12 stock made a high of 1564 with huge volume, which clearly tells us that either FII’s or DII’s increased their stake in stock, and if we see price movement then after, than in last one month prices are moving higher and closing slightly above than previous close, which clearly means that every dip there is a buyer.

Tata Coffee

Tata Coffee – CMP 1400

I know, up till second week of Nov’12 prices were trading just in the range of 1100-1000 and with one sudden spike range shifted substantially higher to 1450-1350.  For retail investor, this stock becomes too risky to take bet, but I sense that investors who are ready to take risk can take action on dip near 1250-1300 (if it comes) with stop loss of around Rs 50-100 according to risk-appetite.  Follow simple rule here, don’t hurry to accumulate and don’t panic with others when you see a dip.  Technical target for Tata Coffee is around 1750, so risk reward will be quite in favor.

According to my observation, in very few counters you see action like this.

The following two tabs change content below.
We are covering Major Equity, Forex& Commodity Markets, Way2Profits filters information and streams meaningful conclusions right to your inbox. Technical Research is our realm and we fathom the depths.

Latest posts by way2profits (see all)