AbhishekHSinghCMT
Long

TataMotors - Alternate Bat PRZ 429-433-If holds then?

NSE:TATAMOTORS   TATA MOTORS LTD
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Once it starts moving above 446- that will be awesome- updated last at 23:17 Hrs on 28th June2017 in below mentioned update.

Alternate Bat Harmonic Pattern . If Tamo holds 429-433 Zone & we see support coming or if that zone holds, then plan to buy or take long positions.

Previous Update
Trade active: 15:27 Hrs 30th June2017

Last Price@433

After whole day in 428-430 -finally it started moving upside.

Have a nice weekend.
Trade active: 07:35 Hrs 3rd July 2017

Good Morning!

If you have patience then this stock can zoom like rocket on upside once trouble period ends so I am likely bullish till 575-620 target zone on upside.
In current situation(short term), Tamo, if fails to hold above 430 then it can dip to 410-413 Zone where it will search for next support zone.
Trade active: 10:31 Hrs 3rd July2017

Last Price@430

Tamo is struggling in the zone 429-431- Likely we will not take any buy or long positions unless it stays above 430.
Trade active: 09:17 Hrs 4th July2017

Last Price@435

Opened gap up - Moving above 435, Tamo looks positive for upside leg of 441-442
Trade active: 10:36 Hrs 4th July2017

Last Price@431

We will hold with stops below 429 - Going below 429 -it becomes little tricky.
Trade active: 10:50 Hrs 4th July 2017

Last Price@428.50

Poked below 429- it is looking little tricky now & we will wait for some more time.
Trade active: 12:26 Hrs 6th July2017

Last Price@437

Tamo has holded 425-426 Zone twice - Looks good for 440-442 as upcoming hurdle or profit booking above 443 if sustains then 450-452 -2nd hurdle & finally 460-463 as 3 possible targets & if moves above 475 then likely it will rocket for 550- 625 levels.
Trade active: 09:57 Hrs 7th July2017

Last Price@434

Trading in tamo is tough at the moment as it is not able to decide the direction. So, we will be little careful at current levels of 434-435.
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - India
http://in.tradingview.com
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When direction is unknown, trading in options is the best.
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@lakshaya, Yes. correct
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Sitting like a lame duck since morning and so many days, please have a look at IDBI to me looks like a trend reversal and very good risk reward ratio, just a slow mover stock but looking very good
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Good day!! Abhishekji. Any updates on TAMO? Looking strong today. Can I enter for long position?
Your valuable feedback will be most appreciated.

Cheers!!!
Gopal
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@fromkolkata, It looks good for 441-443 - Above 443 for 450-452 & above 452 for 460-463 - Above 475 -It will do rocket move for 550 -625.
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fromkolkata AbhishekHSinghCMT
@AbhishekHSinghCMT Thanks a lot.
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butterfly87 AbhishekHSinghCMT
@AbhishekHSinghCMT, hi...tamo on daily charts is moving on downtrend channel..since 7th sep 2016. I wanted to know whats the possibility of break below 424 to take it to 360 levels.
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@butterfly87, Chances are less & desired scenario of yours can happen if 425 is broken downside - at present 425 has become strong support zone.
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@butterfly87, As Tamo got rejected 2 times from 425-426 zone that is the reason that it has become strong support for moves to come next.
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butterfly87 AbhishekHSinghCMT
@AbhishekHSinghCMT, Ok thanxs :)
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