After the Bearish Divergence the stock corrected from 1620 to 1210 and now we see a Bullish Divergence formed at the bottom of the Parallel Channel. A Symmetric Triangle is also formed and a breakout on the upper side is very likely. The relative strength also is turning positive again against its Index. If all goes well the minimum targets as suggested should...
The Relative Strength is better than its market leader Havells India. Awaiting a Multi year Breakout. Inverse Head and Shoulders Pattern is formed and travelling in a Parallel Channel. Very Low risk but the Reward could be very High.
- Weekly - Breakout - Retest - Looks good for medium-long term investment
Enter Tata motors with a 3 week targets of 196 and 6 week target of 235. Entry price: CMP 180-184 SL: 175
CMP = 1370 Price is above 10, 30, 50 SMA. Very nice setup for going long. Look to gain profits ranging from 5% to 11% in the short term. Maintain Stop loss at 1315.
As mentioned in the chart *DISCLAIMER* For educational purposes only. Not a recommendation. Treat StopLoss as your best friend to get you out of troubles.
CMP = 40 Handle too k support at 0.382 Fib Target 1 = 44 (10%) Target 2 = 48 (20%) SL = 38 (5%)
Took support at 0.382 Target = 531 - 9.5% SL = 475.4 - 1.8% Low Risk High Profit. *Disclaimer* For educational purposes only. Not a recommendation. Treat StopLoss as your best friend to get you out of troubles.
CMP 35.5 is retesting the resistance of 35.05 SL - 35 Target 1 - 38 Target 2 - 41.75 Target 3 - 45.15 Target 4 - 48.85 High reward Low Risk
Consolidation in a rectangle. try to buy on dips 490-495 Target = 546 - 8.3% SL = 490 - 2.7% *DISCLAIMER* For educational purposes only. Not a recommendation. Treat StopLoss as your best friend to get you out of troubles.