Search in ideas for "tata motors"
TATA MOTORS LTD. - AT 100EMATATA MOTORS LTD. #TATAMOTOR
- BROKE A MAJOR SUPPORT AT 108.50
- GAVE A BREAKOUT FROM DOWNWARD TRENDING CHANNEL
- TOOK SUPPORT FROM 100EMA AND HISTORICAL TRENDLINE.
INDICATORS:
RSI NEAR 25-LEVEL AND IS BEARISH
TT2 TREND TOOL IS BEARISH IN 30MINS TF
CVD IS NEUTRAL.
CONCLUSION:
1. FOR FURTHER DOWN MOVE, PRICES NEED TO BREAK THE TRENDLINE AND THE LOW OF 104.35.
SELL BELOW 104.35
SL 106.25 OR TSL 108.50
TGTS 102.5/100.25
2. BUY ABOVE 108.50
SL 100EMA
TGTS 110.80/112.5/114.5
KEEP AN EYE!!
NOTE - BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE VOLUME AND THE FOLLOWUP CANDLE MUST SHOW CONVICTION!!
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.
TATA MOTORS LTD. - ASCENDING TRIANGLE PATTERNTATA MOTORS LTD.
#TATAMOTORS is in a Bullish trend and has formed an ascending triangle pattern on 30 mins chart.
RSI is moving upwards towards 50-level.
ADX is BULLISH
TT2 30mins trend is BULLISH as well.
WAIT FOR THE BREAKOUT on either side.
For the upmove:
Buy above 102.7
SL 101.5
Target - 103.6/104.6
For the downmove
Sell below 100.1
SL 101.45
Target 98.65
97.35
KEEP AN EYE!!
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.
TATA MOTORS LTD.TATA MOTORS LTD.
The price gave a breakout from the resistance level of 95 earlier this month and re-tested that level again last week. The price managed to stay and close above 95.
RSI has taken support from 50-level and heading up.
The volume has been good.
VD has been positive this month.
I am expecting a strong uptrend move if the price is able to sustain 95 level in the next week.
KEEP AN EYE!!
***this is my personal view. Please take advice from your financial advisor before investing.
Tata Motors Ltd. - INSIDE BARTata Motors Ltd. is trading within Inside bar pattern for the last 3 sessions.
Technical indicators are mild Bearish now.
Price can move either side if price closes above Inside bar 93.75 next resistance is 106 and if price closes below Inside bar 74.80 next support is swing low 63.50 on the weekly chart.