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TATA MOTORS LONG ANALYSISHI GUYS TATA MOTORS LTD LONG MOVE ANALYSIS USING SUPPORT AND RESISTANCE, IDENTIFY TREND AND USING FIB0NACCI RETRACEMENT ITS LONG-TERM TRADE
LONG TRADE CAREFULLY WATCH RESISTANCE, TRADE GONE FOR DOWNTREND. SO YOU SELL LONG TERM MAKE GOOD PROFIT OPPORTUNITY TO THIS TRADE
KEEP WATCHING, FIRST SELL APPROACH 352 is FIB 23.6% and SECOND APPROACH 370 IS 38.2%. IF ONLY SELL BULLISH TO THIS 23.6% AND 38.2% LINES
HAPPY TRADING...
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation.
I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
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TATA MOTORS possibly bottoming outAfter long downtrend in Tata Motors, It looks like trend is on the cusp of reversal. Please wait for trend confirmation on MACD line to cross upward as well as upward price on high volume. Following positive points Few points to keep watch.
Hourly chart shows 50 SMA upward diversion around 370 price. If it can maintain 370 support and start moving up in channel then it also strengthens the overall trend on daily chart. Day chart shows RSI moving up from 30 level/ MACD is also crossing upward.
Tata motors Weekly - Trading above the Double bottom necklineAs can be seen from the Weekly chart, Tata motors has taken support above the double bottom neckline
Also it had taken support at the internal trend line inside the channel. Also RSI above 50. Looks poised for an up move in my opinion
This is just a view. Please do not base your trading decisions based on this.
Tata Motors - Incomplete Head & Shoulder@438 for 423-410Last Price@431.50 - 10:35 Hrs 17th Oct2017
We are close to finish the 1st leg of Tata Motors from 375 Bottoms to 438 Highs with bullish harmonic update mentioned below & likely to have head & shoulder formation @438 highs - head.
Once TM holds on upside in 434-436 range & starts falling below 430 that will activate the down movement for TM which is break of neckline at 430-431 zone.
When to execute
Going below 430- Neckline activates the call for downside target & with stops of recent high after breaking below 430- Neckline.
Targets
423-425 Zone & Below 423 for 410
Aug 2017 Update - Bullish Harmonic 360-370 Zone
Result of the Update -
Explosive Move from 370-375 as that zone was holded for almost 2 months Aug-Sep 2017 - Pushed upside above 400 & finally made 438 high@17th Oct2017
Tata Motors - Gap fill in (Bullish)Scrip has managed to filled the exhaustion gap after strong volume buying and bear feeling exhausted, pursuant to forming gap and prolonged downtrend after rounding bottom formation
www.financialexpress.com
Expecting to enter as per charts to aim towards TP if bullish momentum continues. Call - 25-45 days if not much of consolidation/accumulation is seen and NIFTY supporting the trend
Investment Pick - TATA MOTORS LTD. 'A' INR2 TATAMTRDVR TATA MOTORS LTD. 'A' INR2 TATAMTRDVR - Buy whenever price is in band of 180-210, it can give more than 50-70% returns in next 12-18 months
Tata Motors - Play safe!Scrip is tangled within the consolidation zone of 420-485 since last 4 months
Shorters or swing traders can always take advantage to gain short profits with the momentum
Play safe - As the scrip can take major corrections (downwards) after GST launch as tax levies doesn't appear favorable
economictimes.indiatimes.com
Tata Motors - Bullish Cypher@456-458 for 462-485-515Bullish Cypher between 456-458 zone. Can add more if crosses 465 for targets as mentioned in previous update. It should not move below 455 or sustain below 455 as going below 450 handle -it can fall sharply down.
Target 1 : 462-463
Target 2: 480-485 -for this target it has to cross 465+ mark & sustain above
Target 3: 515-520
Previous Update - Fly & Fall with the Cypher above 486.
TATA MOTORS LONG - (BUY).Stock price is Trading at long term support of 200 WMA placed around 430.
Stochastic and RSI are Plotted around the oversold zone on the weekly charts
Weekly ADX indicator has turned bullish
One can buy the stock between CMP and 430, for a target of 520, and place stop loss at 420 on closing basis.