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Piyush-Gupta
Jul 12, 2020 9:16 AM

TATAMOTORS, PULLBACK BEFORE POSSIBLE UPMOVE Long

TATA MOTORS LTD.NSE

Description

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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Reach out if you wish to learn simplest form of price action and willing to put effort in practice.

Cheers!
Piyush Gupta
Comments
designDemon
StopLoss here 106 or 107?
Piyush-Gupta
@designDemon, I have drawn pink line which should act as support or stop loss if breached
arasan8080
Thanks for the Analysis brother✌️
Piyush-Gupta
@arasan8080, you are welcome.
Shivam178
Earned some point from this pull back on Friday...will use this chart for Monday
pkmahato66
Above chart is in which time frame
Piyush-Gupta
Piyush-Gupta
Made intraday high of 112. Still waiting on positive momentum in market to support upmove.
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