Tata Global Beverage Technical Analysis: Buy | Target Rs 358 | Arijit Banerjee

Buy Range329 – 335
Target358 – 361
Duration12 – 15 Trading Days
Potential Returns^8 – 9%
CP#IdeaBuy RangeTargetStopLoss*DurationPotential Returns^
341.35BUY329 – 335358 – 36132412 – 15 Trading Days8 – 9%

# CP – closing price on Jan 10, 2019
* Maintain recommended StopLoss by daily closing basis.
   Once 1st target hit, reset StopLoss at 350.
^ Potential returns are calculated based on the median of buy range.


Headquarters in Kolkata, Tata Global Beverages, earlier known as Tata Tea is a joint venture of James Finlay and Tata Tea and coffee, engaged in the trading, production and distribution of tea, coffee and water. The company owns a portfolio of brands in tea, coffee, and water such as Tetley, Tata tea, Vitax, Grand coffee, Eight O’clock, Chakra Gold, Kanan Devan and Himalayan and have the world’s second largest branded tea operations with a presence in 40 countries along with Tetley. In quarter ended Sep 2019, the company reported net profit jumped 14.50% year-on-year to Rs 143.23 crore.

Stock Data
Sectoral IndexNifty FMCG
52W High343.3
52W Low177.05
Face Value1
Relative Performance_Tata Global Beverages vs Nifty FMCG


  • Looking at the weekly chart we have seen, the stock is moving in a strong uptrend by making higher highs, higher lows following a crucial downtrend breakout in April 2019.
  • The stock has seen a spectacular rally from the bottom of around 180 and hit a fresh all-time high of 343.3. This recent close also crosses above the previous high 328.75 registered two years ago Jan 15, 2018.
Tata Global Beverage Weekly Chart - Highest High Breakout
Tata Global Beverage Weekly Chart


  • Last two days, the price action formed large bullish candles – where both the candles open near the low and close near the high – indicating buying momentum and probable further rise.
  • Last two days stock is trading above the 15 days MA and recent closing above the Upper Bollinger Band showing further bullishness.
Tata Global Beverage Daily Chart - Bollinger Band Breakout
Tata Global Beverage Daily Chart


Based on our positional share tading tips, TATA Global Beverage share price target will be 329 – 335 in the next few days.


Buy Tata Global Beverage | Target ₹ 358-361 | Arijit Banerjee by GoodluckCapital on TradingView.

Buy Tata Global Beverage | Target ₹ 358-361 | Arijit Banerjee by GoodluckCapital on TradingView.

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1)  It’s advisable not to enter/exit beyond the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other technical recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.


The research analysis is prepared by Arijit Banerjee, CMT, CFTe. He is a veteran trader and an active investor having in-depth knowledge in financial market research, advanced technical analysis, market cycle, algorithmic trading and portfolio management. Arijit is a Chartered Market Technician (CMT) accredited by CMT Association USA, the leading global authority of Technical Analysis and has been honoured by Certified Financial Technician (CFTe) from the International Federation of Technical Analysts, USA. SEBI, the regulatory body of Indian financial market also recognizes him as a Research Analyst (INH300006582).


The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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