Bravetotrade
Long

TataMotor: A Cypher in Action

NSE:TATAMOTORS   TATA MOTORS LTD
Notes on the chart.

Hit like/comment if this information is useful.

Trade Safe.

Regards
Bravetotrade
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:
Comment: weak..weaker..no respite or reversal signal as of now..one can trade with the trend.
Market bearish but tata motor 1h chart above 434, so we should not enter?
Reply
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.
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Sir, its an amazing work, please dont stop posting your technical analysis...
Reply
Bravetotrade ShastryAnanth
@ShastryAnanth, thanks, just trying to keep that way.
Reply
Please add fibbo level on charts
Reply
@Ranagang, It should be an exercise for the readers :)
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