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TATA Global retracing to support 135TATA Global has been retesting the long term resistance and unable to break. it has start retracing towards 38% (135 )fibo level and next may be 50% which is (129) in near term. SL will be breakout of resistance 146.
TATA Coffee wedge pattern breakout.Tata Coffee has broken the rising wedge pattern today, it may further go downward to short term support 117. Short TATA coffee at slight high price with target of 117.
Tata Steel approaching uptrend channel resistanceTata Steel has been trading in up trend and has been looking strong enough to go further upward it closed today with strong bullish signs, traders may enter long on tata steel up the channel resistance somewhere between 455-460 in near term. it is advisable to enter long at 50% of todays move around 432-433.
Tata Motors on the edge of breakout upside Tata Motors has been trading in down trend and has retreced exactly critical 50% of fibo level also forming falling wedge which signs bullish movement after breakout. as tata motors experiencing trouble due to Mistry's ouster. It seems to break the wedge pattern anytime upside when market shows some strength. traders may go long on tata motors after the breakout upward with a target of 471 first and 517 second target in near term.
Tata Chemicals ready to breakout upwardTata Chemicals after breaking the up trend has been trading in bearish mode and formed a falling wedge which is bullish sign, It is on the edge of breakout and may break the wedge pattern upward any time. There may also possibility to go further down to retest again if market open red and can touch the crucial 50% fibo. support again 448.00 finishing weekend. Risky traders may enter at CMP, conservative traders may wait till breakout the wedge and enter.
Tata Motors trading in bearish channelTata Motors Ltd.after breaking its long term uptrend seems to be trading in bearish channel and trading retesting channel support and resistance. traders may enter short Tata Motors a CMP for a target of 485.00 and again long for a target of around 525.00 if down ward breakout doen't occurs. if it breaks 470.00 then it will approach to next support 433.00 the fibo 50% crucial level.
TataGlobal LongsideTataGlobal is giving a long breakput abovr the level 125.30, above 125.30 it can target the level 127/128.50 if do not break 123.85 on downside.
Tata Motors approaching long term supprotTata Motors after a long up trend journey broke at 550.00 and again struggling to retest the previous level which is best short entry point in this stock, trader may go short at CMP, conservative trader may wait whether up ward breakout occurs or not. if not go short for a target of 487.00 and second target may be around 432.00 in near term.
TATA POWER is a perfect buy || Double Confirmation || Buy EntryTata Power has given a good retest from the key support zone along with the uptrend levels.
The risk: reward is greater than 2.5 in case of a push move.
Keep accumulating !!
Aggressive and Safe traders can take an entry for the next 1 month at least.
"Let me know in the comments section if you have any doubts."