vijay0072

TATAMOTORS IS READY TO FLY..

Long
NSE:TATAMOTORS   TATA MOTORS LTD
377 views
2
TATAMOTORS has created a gap on 1st Feb which has been filled. Now trading in it's demand zone currently. can go up very quickly from here to it's supply zone and then can consolidate.

So I am bullish on TATAMOTORS.... This is only for giving an idea to you guys.. Trade at your own risk.. Keep an eye on TATAMOTORS....

Comments

@praveen.gupta if u check the chart on a weekly TF u can see a support turned resistance zone during 2016 -17 time range and it has broken above that zone during feb 2020 now it has retested the same suport zone and has formed a candle with a long wick which could be seen as an indication of demand zone and also shows the support zone /demand zone being respected. also on daily TF u can see the flag and pole formation.
Reply
praveen.gupta joelmodiyil001
@joelmodiyil001, Hi , I have studied almost all technical indicators and Technical analysis during last few years , and Right now purely working on Demand and Supply Theory , As per my study support and resistance has separate analysis which has nothing to do with Demand and Supply , Demand and Supply is totally a different approach and different theory.
Reply
Hi , I works on Demand and Supply zone methodology , I would like to know how you have decided demand and supply zone , logic behind it ,
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