TataMotor: A Cypher in Action

Aug 3, 2017

Notes on the chart.

Hit like/comment if this information is useful.

Trade Safe.

Regards
Bravetotrade

Aug 3, 2017

Note

The strength above 434 can be treated as a buy..but for positive results overall market should also show strength. For a better view visit my Nifty analysis page by clicking the link below

Aug 6, 2017

Note

Small triangle formation on lower time frame chart. One can find a buying opportunity above 437 as the price breaks out of the triangle range.

In case price breaks below the triangle range, the gap filler 432.50 can be seen as a buying opportunity.

Aug 7, 2017

Note

As per above plan i had a breakeven trade today.

Remember that the following plan is in anticipation of a reversal. You may follow any other plan to trade in the direction of trend.

Tomorrow I am expecting some bullish action in 430 to 435 range. I ll look for price entring into this zone on 15min chart candle closing basis. Then i ll wait for a pullback/retest near 430, a visible pullback, plus a confirmation to buy. Stop will be just below the bullish confirmation candles with initial target of 435.

All the best for tomorrow.

Aug 8, 2017

Note

Aug 9, 2017

Note

weak..weaker..no respite or reversal signal as of now..one can trade with the trend.