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Trade-Technique
Jun 22, 2019 5:16 AM

TATAMOTORS, Try to WALK with an Investors.  Long

NSE:TATAMOTORS1D
TATA MOTORS LTD.NSE

Description

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Last two candle created a remarkable form. This is not actually high accurate sign for up move. Yet, Investors understand the inside movement of this stock.

Suppose to take entry in this stock between 156-157.5, then protective stoploss should be below 152 and first target 168-171 and next for investors 180-190.
Trend AnalysisWave AnalysistatamotorsbuyinvestorsnseindiaStocks
Comments
atrehan
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@Kinnari_Prajapati rightly pointed Sister.
MAYA_MUMBAI
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165 is going to be a strong resistance

a daily closing above 165 is required for an up-move to start.

on Fundamental side - Tata motors does not make a profit & their year on year earnings growth rate was negative over the past 5 years.

i will play with tata motors once a decisive move above 165 takes place ,.
Trade-Technique
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@MAYA_MUMBAI, All the points are good. Let see what eye is looking for investors.
atrehan
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@MAYA_MUMBAI, actually Investors are accumulating at this stage. As u pointed, 165 is the best cross level for Swing & Mid-term buyers.
Trade-Technique
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@atrehan, Yes, It's exactly the pivot point.
atrehan
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@MAYA_MUMBAI, no doubt, Co. is not making any profits, but after 165, rally upto last levels of 180-190-205-240 can be seen. Actually in such times, Investors are betting upon Large & Dominant players only, even for 50-100 points race only.
Trade-Technique
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@atrehan, Actually personally I don't want to trade on this stock. I am interested to take long in this only if TAIL with big height.
Gopal_Dhamija
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in accumulation phase, still a bit of fall pending IMHO, can bounce a bit!!
Trade-Technique
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@Gopal_Dhamija, Yes it might crack therefore I have written: "This is not actually high accurate sign for the UP-move".
Vikalpbothara
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Awesome analysis, as always. I would still be careful with longs in june atleast.
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