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
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15:27 Hrs 30th June2017
Last Price@433
After whole day in 428-430 -finally it started moving upside.
Have a nice weekend.
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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.
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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.
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09:17 Hrs 4th July2017
Last Price@435
Opened gap up - Moving above 435, Tamo looks positive for upside leg of 441-442
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10:36 Hrs 4th July2017
Last Price@431
We will hold with stops below 429 - Going below 429 -it becomes little tricky.
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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.
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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.
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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.
Comments
lakshaya
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When direction is unknown, trading in options is the best.
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
fromkolkata
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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
WaveTalks
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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.
fromkolkata
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@AbhishekHSinghCMT Thanks a lot.
butterfly87
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@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.
WaveTalks
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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.
WaveTalks
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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.