AbhishekHSinghCMT
Long

Tata Motors - Bullish Cypher@456-458 for 462-485-515

NSE:TATAMOTORS   TATA MOTORS LTD
714 17 12
Bullish Cypher between 456-458 zone. Can add more if crosses 465 for targets as mentioned in previous update. It should not move below 455 or sustain below 455 as going below 450 handle -it can fall sharply down.

Target 1 : 462-463

Target 2: 480-485 -for this target it has to cross 465+ mark & sustain above

Target 3: 515-520



Previous Update - Fly & Fall with the Cypher above 486.
Trade active: 13:39 Hrs 12th June2017

Last Price@460.45

Kissed top edge at 458.10 of the zone 456-458. We are back in the trade again.

Trade active: 18:33 Hrs 12th June2017

Last Price@456

Went close to 455. If we get gap up move next morning then we expect bullishness in the stock else below 455 it has chances of slipping down specially going below 450 mark.
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
I was waiting for your signal. Thanks.
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@AMBRISH, But I mentioned the zone 456-458 for reversal.
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AMBRISH AbhishekHSinghCMT
@AbhishekHSinghCMT, Yes , You did , i wanted your activation of trade. s.l. 455 is ok.
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@AMBRISH, Then don't buy now -wait for the zone 456-458 to see if it takes support back or above 460.50 only
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AMBRISH AbhishekHSinghCMT
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Laxminarayana AbhishekHSinghCMT
@AbhishekHSinghCMT, Sir, is this right time to enter? or else will this fall still from here?
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@Laxminarayana, We wanted 256-258 to hold but it just went through close to 255. Tomorrow, if opens gap up then only it will be better to join else going below 250 it falls even more as suggested in the main update above
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SatyamMishra AbhishekHSinghCMT
@AbhishekHSinghCMT, what is the sl for this call
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@SatyamMishra, It was 455 but I also asked to see if 456-458 holds which it did not hold today. See for gap up up move tomorrow if happens or holds above 455 then we can expect bullish moves else going below 455 -pressure will be seen if break 450 mark then it can fall more on downside.
Reply
SatyamMishra AbhishekHSinghCMT
@AbhishekHSinghCMT, so sl should be around 449 levels
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