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Positivemomentum

Tata Motors ComebackAny pattern in a higher timeframe works out very smoothly. Here the Double Top Pattern took 7 years from the making to the execution and now the stock has been rising very steadily with growing volumes. The technicals of Tata Motors are backed by the rapidly growing EV business and a fast adaptation of the same in the country. Technical Aspect As this platform is solely a technical base so let's keep it to that only. 1. We have 2 different resistance on the chart in the monthly timeframe. Resistance 1 = 530/540 Resistance 2 = 590/600 This resistance has a high probability of breaking due to the strength of the current trend. 2. Technical Indicators of the stock are all positive at the moment in all major timeframes. (RSI, Stochastic, MACD, Bollinger Band, Supertrend, and Ichimoku). 3. Auto Sector has turned bullish this month only. Auto Sector has the same chart with the same double top pattern (given that disciples follow the discipline). These are the following reasons why Tata Motors should cross any ceiling in the current uptrend. Trade = Tata Motors is a buy at the current level with an SL at the open of the same candle - 495 Target = 1st Target is around 600 then it will be trailing.
NSE:TMPVLong
by Sarthak_Singh
3
FACEBOOK - Still in positive trend - short and long term view.Facebook is a stock with strong fundamentals and zero debt. Irrespective of some bad news recently, the stock still rallies in the upward trend. I have seen the weekly chart which shows since 2013 the stock is on the upward trend and moving above the 100 EMA consistently. The chart respects the strong support pink line and on july 2017 it broke the green resistance line. During nov 2016 it retraced to 38.2% and in march 2018 it retraced 50%. In these cases, it respected the strong support line. 1] The retracement may take a support at the green line and bounce back from the 180 level. 2] Incase, it breaks the green line and falls down it could respect the strong support of pink line and then bounce back. 3] IF it breaks the pink line of support then big reversal could take place. Mark 160-155 final stop loss. MACD is positive above the zero line and bullish crossover is maintained. The fall can't be predicted. Overall, it's a long trend and with good opportunity to buy shares at a discounted price. Good time to buy when bounces back from green line or pink line. Keep a watch on this stock.
FLong
by netzsavvy