AbhishekHSinghCMT

TataMotors- Trapped in motors from 500 zones-Line in sand@502

NSE:TATAMOTORS   TATA MOTORS LTD.
1006 views
18
1006 17
From close to 600 mark- Motors fell in a choppy manner till 428 & retraced back 70-80% of the fall till 550's. From 550's the fall was extreme impulsive & likely could have trapped anyone seems to be part of the larger correction & currently in the middle having the possibility of extending even further down in the days to come.

In the current situation, having a line in the sand at 502- in future there could be a selling opportunity back keeping in mind 502 should not be taken out to the upside-which is a far away situation & mentioned below are trading strategies can be utilized for opportunities in the coming session.

Trading Strategy
Scenario-1---- Going above 467 can push up to 480-485 on the upside.

Scenario-2---- Can look for a buying opportunity in the zone 440-445 if holds & moves above 455 as confirmation.

Scenario-3---- If we get the opportunity to see motors in the zone 480-490 -keeping 502 as resistance or line in the sand, we shall look for a downside target of 430-440 if confirmed for selling in the zone 480-490's.

Trade active: 09:43 Hrs 2nd March2017

Last Price@465

Day High@467

Scenario 2 is in play- went close to 440-445 -made a low@448 -Opened gap up at 455-456 today@2nd March2017 & rushed upside likely heading for 480-490 zone as expected.
Trade active: 09:50 Hrs 2nd March2017

Last Price@463

Now immediate hurdle is 467 moving above -case -1 activates as suggested in the trading strategy post above.

Trade active: 17:23 Hrs 6th March2017

Last Price@470.25

Day High@472

TM popped up above 467 as expected -a small upside move started, let us see it travels close to 478-480 zone first.

Trade active: 09:20 Hrs 7th March2017

Last Price@468.50

It is doing corrective sequence & shall be good only above 470 if holds so do not take risk in holding TM below 470.
Comment: 10:19 Hrs 7th March2017

Last Price@474

TataMotors speeding like a rocket on short term -crossed 470
Trade active: 17:43 Hrs 7th March2017

Last Price@466

Day High@476

Travelled close to 478-480 band but now it can become tricky here & we surely don't want 448 lows to be broken so keeping that intact or support we will look for an upside move between 475-480.
Remember this is a counter trend move & they are tricky at times -medium term trend is still down, which can take below 434 lows but not immediately.

Trade closed: target reached: 13:13 Hrs 16th March2017

Last Price@478.80

Crying for several days -it touched the objective of 480-485 as mentioned in scenario-1 & also above keeping 448 intact downside.

I also said it is tough trading this part because it is a counter trend move-- move against the trend & trend is down.
Trade active: 11:34 Hrs 17th March2017

Last Price@477

TM is slowly slipping down as suggested in scenario-3. One should keep TM in watchlist.
Trade active: 11:41 Hrs 17th March2017

Last Price@476.55

One should look for a bounce to sell in the zone 480-482 with stops above 485- Target is open downside.
Trade active: 14:09 Hrs 17th March2017

Last Price@473.80

Above 475 -we are expecting a bounce for the zone 480-482 as the possible zone to take sell with strict stops above 485. Here we want TM to come in the zone 480-482 & start falling below 475 for safe traders to take short or sell position. Stops should be 485 & above.
Trade active: 16:35 Hrs 17th March2017

Last Price@476

Above 475 it made intraday ending session bounce to 478 - 3 points intraday is more than enough as a scalper.

Trade closed: target reached: 16:37 Hrs 17th March2017

Last price@476

Target Reached on upside zone 480-485 expected 16 days back & dropped as well - solid.

Coming up with latest update.
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
sir can i short now or wait????
Reply
@divyeshywala, You can't because your risk has increased - I guess you missed the zone I suggested in post -scenario 3 - market never waits for anyone. Look to short now on bounce - Taking less risk.
Reply
divyeshywala AbhishekHSinghCMT
@AbhishekHSinghCMT, i missed chance.....hope will get chance for short
Reply
@divyeshywala, Yes, wait for the bounce -likely it should happen.
Reply
any update about techm ???m holding shorts with your view
Reply
@indiagmb, What levels- Yesterday I have put an interim update for TechM - please check because I have suggested short term moving above 505-506 can push to 515-520 zone & other updates.
Reply
indiagmb AbhishekHSinghCMT
@AbhishekHSinghCMT, ok bro...m short holding around 500---thx for reply
Reply
@indiagmb, You can put your comment on TechM.
Reply
I believe as per your analysis, now scenario-1 got activated, can I put SL @ 460-462 and stay long for 478-482 levels.
Reply
Entered @468, I am following your all analysis. Your analysis are very deatailed one, with all the possible scenario, which eventually are useful to manage the risk for any trader and make a profitable strategy,Thanks
Reply
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out