TataMotor: A Cypher in Action

Notes on the chart.

Hit like/comment if this information is useful.

Trade Safe.

Comment: 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

Comment: 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.
Comment: 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.
Comment: respite or reversal signal as of can trade with the trend.
Market bearish but tata motor 1h chart above 434, so we should not enter?
Bravetotrade SaurabhMiyani
@SaurabhMiyani, yes, look for pullbacks and track market too. Any recovery in the market will lift this stock up if it holds 432.
Sir, its an amazing work, please dont stop posting your technical analysis...
Bravetotrade ShastryAnanth
@ShastryAnanth, thanks, just trying to keep that way.
Please add fibbo level on charts
@Ranagang, It should be an exercise for the readers :)
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