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Tata Power: Nice Short-term OpportunityThere are times when one should tweak their trade expectations and look for trades that will last for a shorter duration. Tata Power has been in an uptrend for a while and after a nice correction, price has formed a strong green WRB yesterday. If the uptrend resumes, the next resistance / target would be the medianline of the magenta fork, followed by the upper parallel of the red trend channel.
Am looking to buy this stock. Plan your trade and position-size judiciously.
Tata Steel Breaking Out Trending Channel Tata Steel ranging and trading in a uptrending channel as marked with Purple on chart. I believe today's closing shall determine further movement of price action in it. If the price action closes above 406 levels then we might see further rally as buyers confirmed strength and pressure and shall take prices further up. In case it closes below 404 levels then we might see profit taking next day that might take down the price litte lower before a solid breakout on either side.
I believe it shall break above the trending channel as CNX Metal also looks bullish.
Tata Motors : Elliot Wave 4 completion & Wave 5 startWave 4 is well within 50% Fibs of wave 3 but a gap up open may spoil the plan, but if we get proper open in our zone and valid confirmation, we can enter short positions towards 490's. Tatamotors chart almost looks similar to our Nifty.
Happy Trading !
Tata Motors - More Curvv always doesn't means better. Tata Motors have been trending up since March 23 & has taken support at 20 Week moving average (Blue Line) as seen in this chart it pulled back in wave 2 towards blue line & started wave 3 up then wave 4 was a triangle ABCDE in which we can see a spike down in wave C due to election results now what looks like a 5 wave down on weekly charts could actually be a ABC pullback on daily charts so weather its 5 wave down or 3 wave down that we will consider as the further price action develops but what will follow is at least 3 wave bounce on the up side holding above 920 which is also 50 week moving average it can bounce towards 1020.
TATA MOTORS: Bullish - Bullish Pennant detectedTATA MOTORS: Bullish - Bullish Pennant detected
On the rise :
A rising pennant has been detected and the price can go up around 1 108.
Plus we can reach the Gap around 1 018.
On the decline:
However we can monitor the EMA.50 ( pink) at 954, and the EMA.200 around 775.
Plus, for the purists of ICHIMOKU ( weekly) , we can go down to 843.
Watch the divergence with ROC, and the RSI to monitor also.
Be careful
Tata motors case studyTata motors spot cmp 590
weekly time frame
Wolf wave study
Bearish wolf wave formation
Counter is in overbouht zone as per structure, trading above the resistance line.
Previous life time high levels at 600,
Bearish divergence on RSI, with respect to price.
counter is facing price rejection around 600 levels, which act as resistance as per previous life high levels.
Bullish only above 610 on weekly closing basis,
Till counter is below this levels , possibility of 50-70 point down side is higher.
Further view can be taken once counter gives weekly close below 535 levels.
Bulls time to cautious, bears at door step.
Tata Motors DVR BreakoutTata Motors DVR consolidated for a very long time and even tested 100 Weekly EMA. It gave a breakout recently and one can keep a stop loss 235 and go long for new all time high.
TATA MOTORS - DAY CHART - 12.12.2022 - BAHAVAN CAPITALTATA MOTORS as per Day Chart Analysis have chances to move uptrend Stock ABOVE 418 TARGET 423.
As such Nifty is in Downtrend Mode up to 18325 to create fresh demand and Bank Nifty is in Uptrend Mode.
So trade carefully for this week.
Happy Profitable Trading to All.
TATA MOTORS - DAY CHART - 12.12.2022 - BAHAVAN CAPITALTATA MOTORS as per Day Chart Analysis have chances to move uptrend Stock ABOVE 418 TARGET 423.
As such Nifty is in Downtrend Mode up to 18325 to create fresh demand and Bank Nifty is in Uptrend Mode.
So trade carefully for this week.
Happy Profitable Trading to All.