Moving above 452.50 gives us 1st clue & later moving above 455-456 zone can confirm even further that Tamo wants to move upside.
Volumes happening in the zone 440-445 hints that some accumulation is happening in Tamo.
Once 455-456 zone is surpassed we would continue looking upside for 510-550-600 beyond targets for Tamo.
Manage your risk to become winner in the market.
Previous Update - Tamo long term analysis
Day low coincides with butterfly lower range extension at 161.8% of XA leg which falls at 439.
We will start searching for reversal in this area if it holds above 440 then it can be early turn on upside for targets 452 - 456- 464+ later
But we need to see some market interest here in the zone 439-440 for possible upside next. Do not hurry up in trade as this could be a nice trade in Tamo next.
Giving some hope for the ride.
440-442 is the psychological zone - It is very important that Tamo should cross & hold above 440-442 zone for an expected upside move.
Do not get emotional attachment with stocks & never be hestitant in dumping your position if it fails to cross or hold the zone mentioned.
Our Trigger comes at 452.50 & above - we are rushing into trade in 439-440 which is early entry so we need to be little careful.
In the zone 440-442 - I will love if it stays in the zone starts moving upside.
Down by 3 points - near by zone of 335-337 is important zone which should provide support else going below 435 -can be sharp down
But I will rather wait outside now.
Typo error for using 300 figures -all figures in above update are in 400 levels.
We have no long positions as we exited close to 440 levels & suggested that if 435 breaks it can fall sharp down - which Tamo did below 435.
Structure is weak -likely bulls to come back above 440 as I have been stating in the post update above.
Tamo had a fall twice from 440-441 zone in last 2-4 days so when this hurdle is crossed then we will check for strength.
Falls again from close to 430 high & hot at 423.50
This time we traded failure of harmonic pattern.