Uptrend expected in TATA MOTORSExpecting an upmove in TATA MOTORS above 425 NSE:TATAMOTORS . Currently the stock has been consolidating for many days but RSI Indicator was forming higher lows which looks like a positive sign.
The stock is taking resistance at 420 level(indicated by green line)
Also a 200DMA around 425 level.
The 390 -370 range a good support
Along with that there is a trend line (indicated in a redline) which is being respected multiple times by the stock as support and resistance. Which is even taken resistance today.
So its better to closely watch a breakout above 420 - 425 levels with good volume could be a positive sign for up move. Also current market sentiments look good
Also will be watching the RBI meeting on Nov 3rd, expecting no sudden rate hike decision as the meeting is scheduled to give govt report on the RBI failing to keep the inflation under prescribed range range.
Search in ideas for "tata motors"
Swing in Tata Motors Buy Tata Motors above 461 with the SL of 448 for the first Target of 478 and second Target 500 and third Target 520. Logic behind trade is the break out of weekly chart as we see on weekly chart there is downside trend line wich is already break last 2 week ago according to harmonic prz price is above Harmonic Prz level of 449.55. price is making higher low higher highe so if price go above 461 strongly trend will get strong bullish momentum and can easily achieve our targets.
Note : we are not SEBI registered advisor this is only for educational purposes. Discuss with your financial advisor berfore you trade. The profit and loss is completely your itself we are not responsible for any loss and profit.
Thanks !
Long Tata Motors above 482 (Intraday trade)Since morning Tata Motors trying to give BO above 482
one can buy above 482 , 5 min candle closing basis. Volumes more on buying side. RSI favourable.
Targets 487-490
Intraday trade only
CNX Auto also moved out of consolidation, one can consider this stock also for 500 opportunity.
**Educational purpose only**
11-20% upside in TATA MOTORS
After consolidating in a range for more than 4months, Tata Motors has finally given a breakout with good volumes and entered it's previous price channel.
The stock can reach it's ATH levels in few weeks and can see more upside potential if it breaks it's previous high.
A positional trade can be taken with the below targets and SL
Target1: 532
Target2: 579
SL: Depending on your risk, my preference would be the resistance it faced previously(Around 458-460)
Please perform your due diligence before taking a trade.
Happy Trading :)
Intraday Analysis: Tata MotorsThis is the intraday analysis for tomorrow (06 Jun, 22)
Tata motors is making beautiful falling wedge pattern (which is also a bullish pattern) in 15m timeframe, also in slightly higher timeframe.
So if it breaks above target could be 438 and 444. And if it breaks below targets could be 426 and 421 as there is unfilled gap.
And market always tries to fill the unfilled gaps.
Watch out for gap up and gap down opening tomorrow and see how they're reacting with these levels.
Happy trading :)
breakout in tata motorsAs you can see tata motors breakout on daily time frame also the stock has given good returns and is in uptrend . on 1 hr timeframe and in 15 min timeframe the stock also retested its level and the confirmation is cnx auto breakout 3 days ago.
auto sector looks bullish and the semiconductor chip shortage will be resolved soon
I am not a sebi registered person please ask your financial advisor before entering any position in it
do your own analysis
Will Tata Motors continue its rally ???Will Tata Motors continue its rally ???
Reasons/Traits :
• Bullish Bat harmonic pattern was seen, now retraced back until point B and got rejected today
• Bullish Crab harmonic pattern was seen and it retraced completely
• 20 EMA touched 50 EMA today
• Good strength in RSI and strong uptrend is seen
• Last two candles form dark cloud cover
• Currently showing pattern of Bearish Cypher Harmonic pattern
What can happen next :
Scenario 1 : If price break 0.618 Fib levels (326) it can go up to 340/360 to complete the Bullish Bat harmonic pattern
Scenario 2 : Price breaking 310 can lead to 305/290/285/268 levels
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Is Tata Motors Forming Bullish Flag ..?Is Tata Motors Forming Bullish Flag ..?
Please watch carefully .. it's 1 hr time frame.
This is not Buy and Sell recommendation to any one.
This is for education purpose and a helping hand to learn trading in Market.
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Target 1 (27%) achieved in Tata Motors DVR. Target 2 is ON...This is follow-up on Tata Motors DVR. Can check link to related ideas.
Target 1 achieved. More than 27%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Target 2 (47%) achieved in Tata Motors DVR. Target 3 is ON...This is follow-up on Tata Motors DVR. Can check link to related ideas.
Target 2 achieved. More than 47%. Target 3 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.