$TATACONSUM - Triple top

The stock has repeatedly faced selling pressure near the ₹1,250–₹1,260 zone, creating what resembles a potential triple top on the daily timeframe. Multiple failures at the same resistance level often indicate supply overwhelming demand. The recent rejection from resistance, combined with weakness on the hourly chart, suggests momentum has shifted in favor of sellers in the short term. The inability to sustain above prior highs strengthens the case for a distribution phase. For bulls, reclaiming and closing decisively above ₹1,250 would invalidate the pattern. Until then, the stock remains vulnerable to further consolidation or a deeper correction within its broader trading range. $TATACONSUM