TATA MOTORS - Making Triangle Patter

SatpalS Updated   
Tata Motors is making a Triangle Pattern at Daily Chart, made a Hammer Candle on 19april.
Following the 9EMA rule, probability of going up and touching 1035 in a few days.
Now 944 has became a Support from Resistance in feb 2024.

For my learning and digital records purpose only.
Tata Motors from 973 to 1000, 2.5% gain within 5-6days.
If it crosses the upper trendline then probability of touching 1035.
If it reverse after touching the upper trendline then one may close the trade at around 1000, because Tata Motors may give another chance of re-entry at 960 as per Triangle Pattern.
Trading between this range(960-1000) is also good.
Trade active:
Tata Motors touched our Target 1040 today, gave 67points (6.60% gain) within 10days.
Today Nifty pulled it back, if it goes up again and sustain 1040 then we may see it going up.

Power of Price Action!
Trade closed: target reached
Trade active:
Today-13may, Tata Motors almost touched the Support level 1944, now it is moving in a Range (944-1046), if it makes a Red candle then it may touch 900 and if it makes a Hammer Candle then it may again move towards 1046 levels.

For my learning and educational purpose only.

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