HARMONICSANAND

multiple time frame analysis buy!

Long
NSE:TATAMOTORS   TATA MOTORS LTD
tatamotors :
trade setup :
1. buy with stop loss as 275 on closing basis
2. targets : 312/325/335/349/357+

key technical highlights :
1. stock is trading in range for the whole year from jan 2021 till today in price band of ( 280 to 357 ) .
2. trading in parallel channel & rectangle pattern
3. multiple time frame analysis
stock is having , good strong support at 280
& multiple strong resistance at 357
4. demand zone
5. recent weekly volume is dry to low .
6. in hourly pattern there is an inverted head and shoulder pattern seen for a breakout at 304 to 305 for 326+ targets

Comments

hi,....I took tatamotors aug @ 6.46 approx 4 lots at price around 305 but price totaly down ....wt I will do ....
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@dewprashantdesier how did you manage?
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