Tatamotor Symmetrical Triangle BreakoutTata Motors has broken out of an Symmetrical Triangle after consolidatiing for more than an year. Possible Targets of 600 with small SL of 30/40 points. RR 1:3/4
Automotive
MARUTIIt is at make or break level. Don't rush and presume reversal or breakdown. let it happen then wait for some retracement and then have snipper shot
Big Bull stockMahindra CIE Automotive is engaged in the Business of Production and sale of automotive components to original equipment manufacturing and other customers in india and overseas. which means they supply to TATA motors, Ashok leyland, TVS, Maruti etc.
Share holding pattern
Investors :- 72.19
FII :- 10.45 (-1%)
DII :- 7.84 (+1.8%)
Pubic :- 9.52 (+0.8%)
RSI :- Above 60 is promising
Volume indicator :- Slowly accumulating for big blast.
All the levels are given in the chart.
Any quires/clarifications required
Kindly revert back in the comment section.
Note :- The analysis is made for study purpose only. Nowhere author is suggesting to buy/sell.
Before taking any position it is advised to consult your financial advisor.
automotive axleNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
Motherson Sumi Monthly Chart AnalysisMotherson Sumi as per monthly, weekly and daily chart analaysis its in consolidation phase and once it breaks above 260 level then its a multi year break out and target 270 level.
MAHINDCIE Keep an eye out for BO!MAHINDCIE trading close to 52wk high!
Keep it on your radar for a possible breakout as auto sector is doing good!
Buy above high on closing basis.
Target 300/320
Please do your own analysis before making any decisions and also let me know if I missed something.
Let's learn together.
ESCORTSAll set for upward rally perfectly.
ESCORTS - Gave Break Out. May wait and enter at 1590 for much stronger confirmation :D
Tata Motors: Another tata stock exhibiting clear upmoveHello Traders,
Tata Motors has exhibited clear upmove graph. Post Inverse head and Shoulders formation it has given a breakout. Now I am certainly entering the trade with following strategy.
If stock continues non-stop upmove:-
Then I will enter the trade when it crosses above 329 around 330
If the stock consolidates:-
And takes a rejection at 9 EMA or 21 EMA in 75 minute then I will enter the trade at that price somewhere around 318
SL: 299
First target: 350
Second target: 377
AUTOMOTIVE AXLESI see an Inverted Head and Shoulder Pattern here and will hold for the targets.
Don't ask the time frame.
MOTHERSUMI, Swing/Positional/Long TermMothersumi has taken support from the resistance turned support at 235 and the uptrend line to form a pole and flag pattern. Watch out for a break above the upper edge of the flag and the 52 week high for a target of fibonacci pivot.
Note: Please do not follow my idea blindly, analyze yourself as well. I just share my idea so that people can build upon the same. The idea I share is open to healthy criticism and feedback :)
EICHERMOT LONG• Channel since May 2020.
• Stock at Big time support.
• Has the support of 200-day Exponential Moving Average.
* Educational Purpose Only *
NSE:EICHERMOT
AMARAJABAT Important Chart Pattern.An Inverted Head and Shoulders has formed in the stock chart in the small time frame.
Recently there has also been a slight increase in volume.
PPAP TARGET UPDATE 11-2-21Look fresh in range 245-255 for upside 300-340 med to long term with SL 210..!!
AMARAJABAT Short Formed a head and shoulders pattern right on 200 days moving average.
Broken the neckline.
Approaching the neckline again for a retest.
After retest, it can give a big downside or upside.
Downside target 1 - 929
Downside target 2 - 905
If after retest buying starts and the stock moves up, then it can give
Upside target 1 - 963
Upside target 2 - 970
* For educational purpose only *
Price Action Hero -TATA MOTORS - GUNSGETTINGREADY - Chart#3 20211.Price Action Hero -Tata motors.
2. Respecting multi year resistances and following the horizontal trend lines beautifully.
3. Watch your self how beautifully the price action is respected . Once it broke the 153 hurdle it went all the way and came back to 153 and going to blast the shorters in a session.
4. It is going to face stiff resistance at 200 level and next levels are marked for further targets purpose.
5. This is not a buy/sell call but definitely a stock which is going to raise in case the management sticks to what it is committed.
6. Dec auto sales rose to 84% yoy -2020
7. Tata gravitas launch on Jan 26th.
8.All guns are getting ready for blaze.
#Education Only
PPAP TARGET UPDATE 19-10-2020One can look fresh near 215-225 for upside 300 to 340.. Refer chart for imp levels..
PPAP TARGET UPDATE 17-9-2020Look fresh near 215-230 for upside 300 and 340 with SL 180.. Refer chart..
GNA axles - Study - Long above 290GNA looks bullish on Charts above 200 on Closing basis.
Targets 343, 391, 417, 472
Stoploss : 258
EICHER MOTORS(Daily) : Curbed by resistance..!EICHER MOTORS (Daily) posted a strong rally into strong Fibonacci cluster resistance around 19200 has curtailed the upmove. The immediate downward reaction and inability to move higher is attracting some selling interest once again. Momentum is showing signs of weakness adding to the developing bearish bias. Any move below 17600 could be an invitation for more downside in the coming week.
Idea Sourced From
NeoTrader
trade.chartadvise.com
