Get started

Priceaction

A Price Action based Technical Analysis on Tata MotorsInvestors can start to accumulate Tata Motors from now on with every dip. Current market price is 77.95 and nearest Trap Zone is at 64.50. There is a Bullish Channel and a Wolfe formed in it. Ideally it should take the price up to All Time High. As per Harmonics, a Pattern which is close to Bullish Bat is getting created in the Chart. This should send the price up as well. For Price Action Traders and Demand & Supply Traders, the Levels or Zones are not good, so they can try a Confirmation Entry. This is infact, a little draw back for this setup. A Long Trade is suggested. But before price goes up, it will definitely try to stop out the Retail Traders and Demand & Supply Traders. That is the way they love to change the Trend. A Price Action Trader will wait for a PA signal to get into this Trade. Short Term Target will be approx 250 to 300 and Long Term Target should be beyond 600. Disclaimer: The Waves drawn are imaginary and hence the real waves might be little different. This is not a suggestion for trading. If you wish to trade, you can at your own Risk. This is for learning purpose only. Prosenjit Ghosh holds no responsibility for any loss occurring to you by trading this setup. This complete analysis is based on Technical Analysis.
NSE:TATAMOTORSLong
by Prosenjit
8
Inverted head and shoulder | ERISinverted head and shoulders pattern formation in stock price is resisting at neck line of head and shoulder pattern once price breaks this resistance of supply zone price expected to move upward Stock successively running in down trend making lower higher and lower lows but here trend is trying to change where it created peak of low and reverse back and again try down attempt but its over in small move price changes to up side and creating higher high and higher lows this is how head and shoulder formation created. Price down by 5 times when it comes to supply zone but this time at supply zone price not getting down but also sustaining at it higher level so we can see buyers are winning over sellers will see breakout once price breaks the blue zone drawn on chart
NSE:ERISLong
by ProfitPicks