The stock has taken a nice support from the weekly 20 EMA and has closed around the previous candle close. There is a resistance zone around 3950-3985. If this resistance is clear and price sustain above the level. There will be chance of stock touch its recent high around 4160 level. In case there is a pullback and price action near the support zone...
By Making Higher higher on Monthly Chart, TataMotors entering into another Major Bull run with much higher Targets. Strong Bullish Stock. Strong Buy on any Major Dips.
Tata Motors Limited is an automobile company engaged in manufacturing motor vehicles. TTM EPS: 31.98 TTM PE: 19.61 P/B: 0.73 Mkt Cap (Rs. Cr.): 208,392 Dividend Yield: 0.32 Sector PE: 52.69 Book Value Per Share: 863.26 Some Positives: Strong Momentum: Price above short, medium and long term moving averages Strong Annual EPS Growth Good quarterly growth...
In daily time frame it's follow side base trend . Due to quarterly report revenue was down by 2.91%(-2.905B). For long term view it's a bullish . But here support was 165.35 and resistance 190. If it break 190 resistance with great volume and take a retrace at this level then you can make position for long term .
NSE:SONACOMS A great proxy player to Automobile Industry with great fundamentals and it was backed by one of the biggest fund house in the world Blackstone. Stock was in sharp impulse wave which is wave 1. After impulse stock was in running triple three correction which is wave 2. Running triple three correction can be difficult to identify but give...
#NIFTYAUTO Sector Analysis (1W TF) Pattern: ASCENDING CHANNEL PATTERN - If it breaks the Resistance zone then it could be expected to move to the top of the channel trendline #stocks #swingtrade #chartanalysis #priceaction #traderyte #india #indiagdp #StockMarketindia
FUNDAMENTALS Varroc belongs to auto ancilliary sector. One of the strongest OEM player to ride this bull run on auto sectors. Ready for EV and had rolled out a lot of stuff for 2 wheelers already. Engine Valves, Lighting, Forging, ADAS ; you just name it and they make that. The company is not only catering to Indian markets but have manufacturing setup outside...
Overview BAJAJ Auto has given a beautiful breakout of its all-time high with impressive trading volume. Currently trading at an all-time high, this presents an exciting trading opportunity. Today's candle is notably bullish, signaling strong potential for gains. Why It Matters Breakout : When a stock breaks through a key resistance level (like an...
Upcoming Week / Days Looks like Auto Sector is going to outperform The formation of the Chart Nifty Auto Looks interesting RSI is overbought zone, whenever RSI goes above 70 the tendency of the sector is to fall back & touch the 21/50 day EMA giving an ample opportunity to buy stocks in the sector Though RS (Nifty) is above 0 still looking nice for an upmove
Buy around 615 to 627 Tata Motor is trending in upward channel Relative Strength & CCI both are still bullish
Hello Viewer or Traders, #NiftyAuto trading inside a parallel channel . Sellers are trying but buers still not giving up. We are standing at a decision making area. A weekly closing below the parallel channel will give eraly indication of a possible downtrend. Keep checking your stocks and book profits as required. #NiftyTrading #IndianStockMarket
An ascending channel is the price action contained between upward sloping parallel lines. Higher highs and higher lows characterize this price pattern. Technical analysts construct an ascending channel by drawing a lower trend line that connects the swing lows, and an upper channel line that joins the swing highs. Ascending Channels: How to Trade This Technical...
Tata Motor Multiyear Breakout - Target 1200++ Nifty Auto Target 17000++
As per my setup price is below the moving average & also has taken a retest with a support breakout. If the trade continues in my direction post entry I will shift my SL lower to the buying point and ride the trade for 8% downside targets. R-R is always 1:5+
Stock has been a consolidation phase since FEB - 21. Stock is looking to break its all time highs after 2 years hence the breakout can be with force. Wait for the breakout to sustain and then trade the stock according to the plan given. Disclaimer - Please trade as per your risk taking capabilities. Stock trading is a business and not a get rich quick scheme. ...
BALKRISHNA INDUSTRIES is looking good for a swing trade above levels of 2230(weekly candle breakout and retest) for targets of 2400/2600/2700 and sky is open above all time highs for bigger targets , a series of higher lows showing buyers coming and need a breakout above 2230 for a possible trend change towards upside , RR looks favourable
Stock has formed a good double bottom structure and a breakout above 80-85 levels can give a good move towards 100-110 levels in medium to long term duration
Attached: MARUTI/ NIFTY 50 Daily Chart as of 5th May 2023 This Ratio Chart has just given a Fresh Breakout Buy Signal implying that for the coming days/ few weeks NSE:MARUTI is all ready to Outperform and take Leadership for Nifty 50 Buy Strength and Sell Weakness Hence, expect Buying Action in MARUTI Stock from here on is what the Charts say!