Tata Global Beverages at Rs 152/-

This is a fortnightly chart of Tata Global Beverages. There is a good agreement in the Blue averages
and the Reds are in uptrend. In all probability, this chart will expand towards the upside.

Following is its weekly picture..

The weeklies show a very encouraging breakout from tight red averages. It is a very good setup for
a good upmove.

Finally, the dailies in the near term look like the following..

It too in the immediate is breaking out of an ascending triangular formation, though its not that exact.
We would be inclined to take a positive view on this stock. Minimum target would be the previous
highs 160-170-180.