On the 1H chart, we draw Fibonacci taking swing highs and swing lows. It's clearly visible that TaPo takes support at 0.236 retracements. If it sustains and respects these support levels, a further upmove to the levels where it faced resistance (i.e. the recent high tested yesterday 10/11/21).
Up Flag is clearly visible. Need clear volume supported close above 511 . For safety purpose can keep 1% margin and buy on volume supported close above 515 with stop loss below 480 on daily closing basis. Target is 480 + pole height. Disc : it's not an investment advice to buy or sell
Tata Motors Limited TATAMOTORS as on 11 Oct 2021 appears strong bullish. You can see clearly. Its shows signs of strength in the upcoming day, then this trend can continue in the next trading session as well.
NSE:TATAMOTORS we can see that Tata Motors is trading in a channel which can be seen in the Pitchfork breakout on either side with volumes can bring a good move in that side. We must observe the Price action too at that point. as seen in the picture Tata motors is aslo at a strong support of 300. This is only for educational Porpose
Tata Motors There was a NEWS today in afternoon with regards to Chip shortage effecting JLR car production and that it might take a toll on profitability for the Company. The NEWS took a heavy toll on Tata Motors instantly. Now let me go by disclaimer, this is analysis in hindsight which is easier as the outcome is there in front of us now. Also, I have not...
Selection of stocks by dynamically adding and removing based on their Relative Strength with respect to Benchmark , may be a very disciplined way to Do-It-Yourself rule based Equity Portfolio management.
Price action is all about supply and demand and identifying them to take advantage of the trend. I have given an explanation on how to identify demand and supply zone . If you have any query, comment below and I will try to solve it. Grateful for everyone!
TATA MOTORS - IN CONSOLIDATION PHASE
Ultimate Swing indicator
Tata Motors showing Head and Shoulder Patter on 30 Mins Chart. Break below 120, should reach to target of 115, 110, 105.
It has entered into the PRZ of a Bearish Harmonic Butterfly in daily time frame. It could retrace back to 117/114 provided it does not go above 128.50