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Tata Motors: Got the bounce... What next...???On 5th Sept we discussed 2 possible scenarios for Tata Motors that we are looking at... 1st was Tata Motors holding 374 on the downside and jumping towards 405-416 levels The stock made a low of 374.05 precisely and has managed to crawl back above 405 levels... Now if we see Tata Motors share price getting rejected here... then we are starring at the bigger trade potential on the downside with target potential of 348. This is more of a positional trade and pattern gets invalidated if stock closes above 426 Take care & safe trading...!!!
NSE:TATAMOTORSShort
by indiamarketoutlook
Tata Motors: Island formationTata Motors Observations - Last year on 31-May-2016 the stock opened with a significant gap up & closed at 459 up 38 points from its previous day close of 421 - This year On 8-Aug-2017, the stock opened significantly lower and closed at 380 down 36 points from its previous day close of 416 - the gaps have occurred from similar levels 421 and 416 respectively and of similar magnitudes on a closing basis (38 & 36 points respectively) - thereby forming an island of trade of more than 1 year Scenario 1 The stock goes up... sees price rejection and falls down Scenario 2 Stock gets sold in to and falls deeper Strategy 1 Buy at current levels for target of 405-415 If the stock sees price rejection around the 416-422 zone then sell for downside target of 344-348 and probably even 322 Strategy 2 The stock goes below 374 and is unable to recover above 384 then sell with minor stop of 384 for target of 344-348 - wait for a bounce back. if we see price rejection again in the zone of 362-380, then sell for deeper targets Take care & safe trading...!!!
NSE:TATAMOTORSShort
by indiamarketoutlook
Nifty : Head & Shoulders Not the shampoo... !So today in Nifty 15 mins we can expect the breakout of head and shoulders pattern and a move downside. Why we are expecting downside breakout ? Well, then only My last two days post will be right prediction :) We have same amount of chances to take support on trendline and move up. So watch Nifty carefully, won't you love it if the breakout happens & get a ride on Bear's Back ? Don't worry, just hope bears will hug us, not squeeze... If trendline support is strong on valid bullish reversal initiate longs in Nifty probably any one scenario will be over by today I guess but lets watch what plans Nifty have... As mentioned in Nifty chart keep watch on zone 8720's to 8740's... Premarket Update : Nifty opened @ 8768... Head & shoulders may work or fail.. Let's give fair chances for Failing analysis also :) Happy Trading !
NSE:NIFTYShort
by InsiderB
9
NIFTY short Term reversal Pattern tradingNifty after the gap up open looking weak and possible short term pattern trading for short possible before the RBI met. also 8600pe of nifty option charts is rebounding from BAT PRZ adding more conviction to this trade set up. PATTERN ANTIBUTTERFLY Aggressive Entry 8755 Conservative Entry 8745 Aggressive StopLoss 8820 Conservative Stoploss 8820 Aggressive RoR Min 1.77 Conservative RoR Min 1.4 Aggressive RoR Min 1.77 Conservative RoR Min 1.4 Reward 1 8640 Reward 2 8640 Aggressive SL pts 65 Conservative SL pts 75 Aggressive Reward min 115 Aggressive Reward max 115 Conservative reward min 105 Conservative reward max 105
NSE:NIFTYShort
by koolshanin
1