Piyush-Gupta
Long

TATAMOTORS, PULLBACK BEFORE POSSIBLE UPMOVE

NSE:TATAMOTORS   TATA MOTORS LTD
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62
TATAMOTORS gave breakout of 1 month long TREND LINE and is now performing a "Pullback & Continuation". Above 109.2 this looks good stock for bullish momentum.
If market sentiments in coming days are positive then this will be one of the good trades for both Intraday & Swing till T1 - 116

Price action trading is a process of using price to analyze stock possible movement. Keep your charts as simple as possible so that you keep focus on most important element on chart "PRICE".
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Cheers!
Piyush Gupta

Comments

StopLoss here 106 or 107?
+4 Reply
Piyush-Gupta designDemon
@designDemon, I have drawn pink line which should act as support or stop loss if breached
Reply
Thanks for the Analysis brother✌️
+2 Reply
Piyush-Gupta arasan8080
@arasan8080, you are welcome.
+1 Reply
Earned some point from this pull back on Friday...will use this chart for Monday
+1 Reply
Above chart is in which time frame
+1 Reply
Piyush-Gupta pkmahato66
@pkmahato66, 1HOUR
Reply
Made intraday high of 112. Still waiting on positive momentum in market to support upmove.
Reply
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