ReeAishw

Tata motors Fibo+EMA+Multitimeframe+Flag pattern break out?

Long
BSE:TATAMOTORS   TATA MOTORS LTD
Price is nearby proper valuation of the stock as shown in the image above.


In 1 day stock is getting support by its lower trendline, Currently took support from 20Daily EMA as shown on 1st chart. Also got some demand from the Demand zone . Retested the breakout with high volume .
In 2Hrs timeframe it has completed 50% retracement and also supported by 100 ema .

The Indicator Used:
PANEL 1:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts.
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
PANEL 2:
1) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence

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The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)

HAPPY TRADING!!!

Comments

very nice
Reply
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