TATA MOTORS (May 20)TATA MOTORS ANALYSIS
Tata Motors is currently Losing Momentum
ADX Reading Below 25.
The Indicator which i have developed shows a (+ve) reading.
Expected Green Light tomorrow.(May 20)
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TATA MOTORS BUY at Current LevelsTATAMOTORS has shown a great retracement from its recent highs of 530+. In fibonacci levels, we can clearly see how the stock took support at78.6% levels. Its currently hovering around and has not broken down this level. A long call can be taken here, for targets up to 510. ALSO THIS LONG VIEW IS SUPPORTED BY THE PARALLEL CHANNEL THAT THE STOCK HAS FORMED ON DAILY CHARTS. I AM BULLISH AT CURRENT PRICES WITH SL BELOW 470.
** I am not Sebi registered. Kindly consult advisor before taking trade.**
Tata Motors Buy or Sell ? (Intraday)Tata Motors is currently taking support from a trend line, it could now take support and go bullish or break the trendline and give a bearish momentum , both of these scenarios are possible. We have to plan our trade according to the movement of the price and looking at the price action. If it goes sideways we have to wait for a proper entry.
TATA MOTORS LOOKING GOOD FOR MORE UPSIDETatamotors have given the breakout of previous high @ 1066 levels and closed above that. Further rally can be expected in the stock if it sustains above 1095 towards 1150 and upper marked levels until 967 is intact on the downside.
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InvestPro India
Tata Motors: Wolfe Wave and Butterfly gets activated TATA MOTORS
1. Coming out of its slumber
2. Two prominent patterns getting active around 440-450.
3. Buy on dips candidate with an SL of 409 (Closing basis)
4. TGTs - Bearish Butterfly: 490-500
5. Wolfe Wave TGTs: Above 500 until price reaches the TGT line.
Tata Motors DVR is a must BUYTata Motors DVR has been one of my top picks and I have discussed this stock before and I have been holding it for sometime now. It has again broken out of its range and further targets are marked on the chart. I expect 200+ soon in this counter. The recent price hike and sales data all point towards a massive recovery in Tata Motors, however, I still cannot ask anyone to invest in it and forget about it for the long term. For that one needs to track the situation at JLR.
Tata Motors : Engines are Revving Up, Can you hear ?If that bullish harmonic pattern kicks upto its full potential Horse power, the Tatamotors will accelerate to 600's. A daily close above the trendline (red) will ensure that. I drew Elliott at the end of my analysis, so you may or may not use wave counts - there is no issues. We can analyse Tatamotors simply with support & trendlines.
Support zone at 500's is vital for Tatamotors any close below that will make revving engine to grinding halt. Though the harmonic pattern achieved its targets already, its full potential is yet to kick in, if that happens we will have daily close above our trendline, so on swing trading we may pocket around 50 points in Tatamotors but lets wait for the close above trendline.
As we are discussing about Tatamotors we can't ignore whats happening within Tata Groups. But, be assured guys, A 100 Billion Dollar company which has more than 100 companies running business for ~150 years definitely know what " Business " means. Everyone of us know, how Tata groups are better in maintaining their ethics & moral values of business compared to Reliance. Reliance = No reliability, just my opinion. So these Mistry issues, news about write-off;s are temporary, you can trust Tata.
We may see a sell-off also in future but it will be correction for better future ahead. It looks like Mistry tried to make himself as sole representative of Tatason's in all companies ( unsure about this point ) , so only Ratan tata brought some changes in groups administration in favour of Tatason's to keep Tatagroup within their stronghold which hindered the power of Mistry ( We know administrative changes are made but this may or maynot be reason). Some are saying that Mistry failed in maintaining Tata groups ethics n values ( Rakesh sarna episode, dragging docomo to court ), as far as I heard Ratan Tata wanted to handle docomo smoothly instead of court battle. So its more of working style issue.
Tata's acquired Jaguar & corus around sametime, but Tatamotors turned around the fortunes for Jaguar but Tatasteel lagged behind. Ratan Tata believed in acquisition of companies & turning those into Profit making ones (did that too,examples are there) but Mistry's working style is to cut-down loss makers and maintain profit making ones. A simple ques : Will you sell your family business when it makes loss or you will try hard to make it profitable ?? Steel is the first business for Tata's & they love it to the core I believe. At some point conflict might be arised bcos of different strategy towards business ( Mistry- telling to cut down lose makers, Ratan Tata- asking Mistry to come up with plan to make it profitable ), so that may have led to current scenario. In my opinion there is nothing wrong about Ratan Tata's move. In the past, I had brief stint with 2 of the Tata group companies, so I may be little biased towards supporting Tata Group :)
Finally, Tata's know what they are doing & what does Business mean, so all these are temporary.
InsiderB
Tata Motors breakout from parallel channel looking goodTata motors breakout from parallel channel
and also nifty50 looking good now i think from now short covering is coming
to near upside levels marked on chart
breakout and sustaining out side of channel
anybody can clearly see the break off structure in 15 Min chart
but be cautious with strict SL
:- do your own research before investing and this is not a buy/sell call
am not a sebi registered
Tata Motors : Follow-up TATA Motors : Follow up on last study shared on 3rd May.
- Filtered from strategy#1
- Near Major Resistance
- Above 351.3 only.
- Support given on chart
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Tata Steel FuturesTata Steel (Future)
You can buy a future and patiently wait for levels as high as 800.
Tata Steel future is in an uptrend in the daily charts. I have been bullish in Tata Steel in a long time but it has slipped since then.
What makes me happy is that the candles have taken a support on 10 EMA at 681 levels and bounced back from there.
Data
650 is a major support with an Open Interest of 1,513,000 in 650 ce with possible short positions of 175,100.
Trying to analyse the upside, 700 pe is the only level with possible short positions of 119,000.
This shows us that once Tata Steel manages to cross 700 there is no resistance till 750 as there are 40,800 possible short positions.
Call writers are trapped at every level which will support prices to rise. The rise may be a very quick one but patience is must as we know how bad the metal index performed on the 12th of Feb.
#TataSteel A Breakout Candidate !!Tata Steel is following a downtrending trendline zone and Support are tested several times.
So, If this trendline gets upside breakout then this is end of downtrend however closing above 1245 levels will be secondary confirmation.
This is a trade to watch out very carefully as it is going to give a nice risk reward.
Tata steel Tata steel looks good till upper trendline.
As it has formed IHNS so it will give that target also it is forming bullish flag pattern on daily chart. So looks a good bet for long term.
Will prefer adding in all dips. Sl below trendline.
Views personal.
I Can go wrong.
Not a trading recommendation.
DYOR