TATA MOTORS -DAILY CHART SETUP- Trendline breakout .
1. Tata motors on daily chart setup seen trendline breakout on last heikin ashi daily candle AT above 417-418 level
2. 200 HMA seen above 405 level . short term resistance broken above 400, from then stock seen up-trend .
3. currently stock trading above 44, 200 HMA bullish technical indicators.
TATA MOTORS--- 15 MIN CHART -- INTRADAY SETUP -- 03/02/2023
1. tata motors on 15 min chart seen trendline support at 438 level , at same level triple bottom formation seen , ( arrow sign )
2. RSI seen above wma and above ema
3. intraday Buy can initiate at current level 444-445 for target 450-455-460 stop loss bellow triple bottom support line at 435
Today, we are going to discuss Tata Motors. I am seeing the huge potential for this stock. This could give more than 100% growth initially in the next bull run.
Multi-Time Frame analysis:--
-trading in range
-every time it comes to the channel bottom boundary, buyers come in & every time it touches the channel upper boundary the sellers come...
After the completion of the rounding pattern or bowl pattern from the level of 800 its continuously in the bullish form making higher highs pattern.
Now it's showing the exhaustion so we can see some profit booking here either it can move for buying if it crosses the channel right now it just breakdown the major trendline followed by it from the level of 800...
Tata Motors has formed a triangle pattern in 15 mins chart.
There is a chance for a breakout if it surpasses 470.
Buy Price - 470
Target 1 - 474
Target 2 - 478
Maintain a stop loss of 466 if the trend turns bearish.
Lookout for Volume break-out too and make sure Nifty is bullish else the setup might fail.
Happy Trading !!!