AbhishekHSinghCMT
Long

Tata Motors - Can killroy hold motors from falling below 400

NSE:TATAMOTORS   TATA MOTORS LTD.
Looking for a killroy pattern - most important question -can it hold when markets are melting. If holds & travels beyond 410 then great possibility that TM             back in gear.

Tata Motors Bullish Harmonic @370
Trade active: 10:32 Hrs 16th Nov2017

Last Price@413.25

Good to Start in desired direction. Hope it ends well.
Trade active: 12:06 Hrs 16th Nov2017

Last Price@414.50

Can Stay in the zone 412-415 for quiet some time to digest the gap up move in today's session & most likely pushes upside. Either you can book partial profit & re-enter close to 411-412 or hold the same for higher targets.
Trade active: 13:51 Hrs 16th Nov2017

Last Price@414.25

Took close to 2 Hours & holding in the zone 412-415 - Wow! - Are we heading next upside for 418-419+
Trade closed manually: 17:58 Hrs 16th Nov2017

Last Price@415

Look the 2nd last candle kissed 412 -411.85 - Look the bounce - I have been talking about re-enter in 411-412 zone - did you?

Thanks - Take Care.
Comment: 18:00 Hrs 16th Nov2017

Last Price@415

Trade closed manually: Idea closed
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
abhishek if this head n shoulder right then what should be our tgt of tatamotor nearly 540 or higher
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@niteshkumar, Yes once it crosses the neckline -first it has to form the right shoulder some profit booking at horizontal neckline & later pierce above neckline shall activate Inverse H&S pattern which is know as Killroy.
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Thanks.
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@nirav5, Welcome
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Hourly charts showing running positve rsi divergence,definitely expecting a bounce tomorrow.
Hopefully nifty Reverses from 50%fib retracement tom.
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@NamantSatiya, Thanks.
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NamantSatiya AbhishekHSinghCMT
@AbhishekHSinghCMT, Well,nifty reversed beautifully.
Tata motors did gain 5bucks,however with such good recovery of nifty i expected atleast 10-12bucks from tata motors.
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@NamantSatiya, You get your 10 bucks today. Patience always gets paid.
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i have also posted with the same view, not with the pattern, let us ssee what happens, if nifty holdss 10085 then everything will hold
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@nalinakshi, Let us see what happens next?
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