TATAPOWER: CUP & HANDLE WITH RETESTTATA POWER(D) BUY: CMP @123, TARGET: 140. STUDY CUP & HANDLE PATTERN.
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Tata Motors - Daily TrendlineTata Motors -
1. Here you can see, NSE:TATAMOTORS is on resistance on daily trendline.
2. Also, you can see the earlier resistance area which might turn out to be support and help in breaking out of the downward sloping trendline.
3. Otherwise if it doesn't find demand, we may see levels of the previous swing lows.
4. There's a divergence with the OBV osciallator indicator too. indicating weakness.
TataGlobal - Weekly viewTata Global has broken the downsloping trendline and broken out .. but but but ... needs to close above 150 and sustain - and since its a Weekly TF ... could be time consuming as well as itchy to wait and watch ...
Once above that levels, expect it to move to 162 odd levels with some small stops and retracements in between.
Tata power Good short candidateTatapower rising contracting wedge pattern fromation on 240 mins time frame,, dark cloud cover formation on daily and 240 mins time frame,,, bearish divergence on rsi and macd,,, good to fo short at cmp
down side counter can give 15-20% fall,,,
Good short candidate
Tata Power - Weekly BuyTata Power is forming a huge green candle this week. If it manages to close above 82 tomorrow, this week's low could be a good SL (weekly closing basis) to go long for possible 90+ targets. 83-85 could be a minor hurdle before blasting off.
TataMotors ... at crucial support ...Tata Motors i at long term crucial support of 440/- a close below this will weaken the stock. Refrain from buying
Tata motors probobale bearish flagTatamotors showing bearish down flag with target around 380
Only for study
Tata Steel...Heading towards new horizons...TataSteel, one of the largest metal company of India, was in a steep downtrend since almost a decade. It hits high of 1048 in October 2007 and then we saw lots of ups and down in the counter. It hit another high of 579.90 in June 2014 and again it went down to touch the bottom of 199.70. Th counter started fresh upward movement in September 2015 after making a double bottom on daily charts. We identified the counter at around 220 and confirmed the upward movement. The immediate buy call was given and the call still continue, rather further strengthened with the strong and affirmative breakout of long term trend line on monthly charts in last month.
The up trend is confirmed and the stock started northward journey to achieve new horizons. We hope for the targets of 600 in six month to 1 year horizon. So, investors are advised to long the stock in cash segment and tighten the belts for a wonderful joy ride...
Even after achieving targets of 600, the counter can be followed for new highs in current upward movement with dynamic SL.
Enjoy trading
Trend is Friend...
TATA MOTORS Long, Rising Trend Line SupportTATA MOTORS ( FUTURE, JUNE) has taken support of rising trend line trading above 8 day EMA, Target 480+, SL below 445 closing basis
Tata Motors - Long SignalTata Motors has a strong support around 442 in both weekly and monthly charts. Any dips can be bought with a weekly closing basis SL of 442, for a target of 510-519. Daily close above 469-470 will confirm the uptrend.
