Tata Motors - Hitting the Top@485- Are you Dreaming- Drive it

AbhishekHSinghCMT Updated   
You can't ask market more- kya kare dil mange more

1st March2017 update - "Trapped in motors from 500 zones-Line in sand@502" shall tell you the complete story- If haven't read -just go & pick the copy at or just click the chart.

Review of previous analysis

Scenario-2 - Expected a buy in the zone 440-445 & moving above 455 shall confirm- Awesome it moves to 448 just missed the zone but heads up & crossed 455 -confirmed for upside & target achieved as per scenario-1

Scenario-3- Are you dreaming - drive it - market never gives second chance & if you get it then you are blessed one- Vow! It makes a high 485 & drops to 471 in 17th March 2017 session.

What Next?
The fall from 485 to 471 in today's session was impulsive & hot- likely I played in between as well -as a scalper above 475 to 478 intraday ending session.

Trading Strategy
Stops- 485+

Scenario-1 If TM comes in the zone 480-482 & starts falling back below 475 -putting stops above 485 Shall be looking for target 405-415 in 30-40 days duration.

Scanerio-2 If TM falls below 465-467 & sustains below that level then we have target zone 445-448 support as the next stop

Scenario-3 Risky Traders - They can go short- close to 485 if you get the bounce in the 480-482 zone.

Scenario-4 Breaking below 445-448 zone - Some Selling Pressure could be seen in the counter.

Have a nice weekend.

Abhishek H.Singh CMT
Trade active: 12:38 Hrs 22nd March2017

Last Price@465

Day Low@463

Falls from 478 close to the expected zone 480-482 & made day low@463 -indicating weakness in the stock

Trade active: 20:57 Hrs 9th April2017

Last Price@469

TM falls again from 480-482 zone -Loves that zone. Risky Scenario-3 & Scenario-1 works again.

Going below 458 - shall continue down for 448-450 target zone.

Trade active: 20:31 Hrs 11th April2017

Last Price@472

Again falls from highs of 478-480 -going below trendline shall puke more.
Trade active: 14:31 Hrs 13th April2017

Last Price@453

We will not carry & any position for weekends as Friday is holiday & long weekend -Shall have a look next week.

Enjoy all!- Happy Good Friday -14th April2017

Trade active: 14:56 Hrs 17th April2017

Last Price@451

Day Low@448- Taken support at the previous low of 448 - No shorts please - close all your selling positions if taken -we are still in big profits.

Trade active: 06:10 Hrs 18th April2017

Last Price@447.50

Going below 448 TM is prone to more weakness & we will see if we get a bounce for selling & looking for lower targets.

If it holds above 448- we wait to see what kind bounce are we getting.
Trade closed manually: 14:48 Hrs 18th April2017

Last Price@448- Closing the post.

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw

Twitter Handle

Telegram Handle

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.