WaveTalks

TataMotors -Turns 463 -BAT Target Completed Look for pullback

Short
WaveTalks Updated   
NSE:TATAMOTORS   TATA MOTORS LTD.
Bullish BAT Target completed at 463. We shall look for a pullback in the gap zone 448-452 - if holds & stays for some time & starts moving upside then we plan to buy the Tamo & enjoy The Tamo ride.
Trade active:
09:29 Hrs 12th July2017

Last Price@458

Opened close to to 461. We are expecting a move in the gap zone 448-452.
Trade active:
10:54 Hrs 12th July2017

Last Price@463

TaMo turns half way from 455-456- Be careful - Bulls are strong - we were expecting till 448-452 as buying zone.
Comment:
10:55 Hrs 12th July2017

Last Price@463.50

Missed buying - don't worry - we never jump in running train - hold - have patience. It will give you another chance
Trade active:
11:07 Hrs 12th July2017

Last Price@461.70

Hello Followers , do not get confused remember this for your life long - pullbacks are always used to buy ( pulling back - you have seen bow & arrow - you pullback the bow thread to push arrrow in the target area) - say happens with Trading - if direction is uspside - we want a pullback to join the rally means buy.
What happened here was pullback was expected to 448-452 zone but I think someone(big) reads the update & he is fighting against me. so it turned halfway- infact, I had a clue but could not update as it just went boom -like how arrow moves when thread left.
Here, on short term basis, traders can sell intraday but have to always trail the stop loss & keep trailing till the time you are thrown out of the market with profits.
Trade active:
11:17 Hrs 12th July2017

Last Price@461

You saw we are having a pullback from 463-464 to 460.50 lows.
Trade active:
12:21 Hrs 12th July2017

Last Price@461

Pullback happened till 459.50 from 463-464 - some action is back
Trade active:
12:28 Hrs 12th July2017

Last Price@461-462

We want tamo to move abve day high zone 463-464 to give us intraday benefit else it will stay here - for some time.
Comment:
13:48 Hrs 12th July2017

Last Price@461.70

As suggested below 463-463 -it can spend whole day. So, Tamo traders look to buy above 464 else take a lunch break.
Trade active:
10:21 Hrs 13th July2017

Last Price@459.50

Turns down from 464.50 - Traders need to have patience. Sooner or later, Tamo will move upside. Scope on downside is less -even though if it comes in the gap zone of 448-452, one should check for support as we look for higher targets beyond 464 going into 474-485 zone next.
Trade closed: target reached:
15:15 Hrs 14th July2017

Last Price@450.70

Pullback looks like done & out from the highs of 463-464 as expected


Best Regards,
Abhishek H. Singh
​Growth Director - TradingView India

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