All in the chart. If you count waves, look for impulse downside, no impulse downside no shorting. Look for triangle in 4th wave as well, keep patience, if it forms a triangle we may see 190/193 levels, which will give more better R:R.
So , Tata motors is near to the short term bottom , 100 to 130 should be a great buying idea . Thanks for the chart
yogi_sharma_elliottician
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@MAYA_MUMBAI, we can say long term, 400/500 range or more is also possible from your said levels. :)
I-Fund-Trader
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@MAYA_MUMBAI, ha ha , 100 is too far below the consideration , i will try to explain in short , when institutions change the hands of asset , i.e equity the price usually will hit very hard down , and new comer will be holding it for longer time frame , that is exactly happening in the TAMO , when i said institutions change of hands means its in billions where the banks who have major exposers become the arbitrators for up coming new acquirer , it seems ( My understandings) Tata Son is making an exit form TAMO so there is huge transactions going on ,
MAYA_MUMBAI
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@MoneyRain, Any news on Tata Sons Exiting tata motors ?
I have already invested on a long position in Tata motors ,
I will add on to the position below 140 in levels...
I-Fund-Trader
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@MAYA_MUMBAI, its an on going battle in the court , mean time the stocks are being absorbed by the new acquirer , I am also looking for entry near 140 lets see how it goes
I-Fund-Trader
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@MAYA_MUMBAI, I doubt it can go below 130 , in my view
MAYA_MUMBAI
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@MoneyRain, So you are considering long positional call ?