Tata Motors: Short and Medium term tradeTata Motors has been moving in a confined range since the past 4 months. It has formed a bullish ascending triangle within the range and might be on the verge of breaking out giving us a good swing trade.
Levels for the trade are:
Entry = Rs 339+
Short term target (Intraday or 1-2 day target after the breakout)
Target 1 = Rs 349.95
Medium term targets (2-5 weeks after breakout)
Target 2 = Rs 373.7
Target 3 = Rs 400
Note:
1. If the breakout is weak i.e. not with a strong volume, it may fail. However the first target should be still achievable.
2. It may retest the trend-line one final time before giving the breakout.
3. A reversal from Rs 338-339 is also possible in case of a sell-off. Wait for the breakout.
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Targets for Tata Motors: 140,280 and 600Tata Motors is now in the Buy Zone. I have already bought 500 shares at 66 and I plan to keep buying all the way till 25 if it drops there.
My first target will be at 140 which is at the top of the short-term price channel.
My next target is at 280, which happens to be the previous support turned resistance.
And my final target is 600. I expect 3-6 years before the final target is reached and there is great chance for making 10X(1000%) gains for long-term investors like me.
Tata Motors
Warning. There could be sky high movement in Indian stocks today, please take it as an opportunity and exit.
All the auto stocks in Indian Market are on a risky level. Please donot get trapped. If you are sitting at profit please exit. 804.05 could be the final target for TATA MOTORS.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Tata MotorsIt is an interesting set up. Price is in channel and break above 470 can give 100 rupee upside. Many auto stocks are also showing the strength and hence it may also works. M&M can be good trade but it has run up fast and currently at all time high. Any retracement in M&M is also good buy. But I am not comfortable with that stocks dont know why but not suiting to me anyhow. So I am focusing on Tata Motors. It is more volatile so keep SL in place as your risk management and position size.
TATA MOTORS... CAN WE SEE ANOTHER BULL RUN BEFORE THE CORRECTIONThe share price of Tata motors has been correcting following a stellar run.
This triangle correction may be the 4th Elliot wave. We may witness another small bull run following which the stock can see steep corrections.
I had given my analysis in the chart. Final target - M 435.
This is my prediction and is not a piece of trading advice.
Stock Analysis of Tata Motors.Tata Motors – CMP - ₹102.95 Dt. – 16-07-2020
On the daily chart, the stock is moving in pattern taking the support of redline. Apart from trendline the price also takes the support of 50DEMA. If the stock breaks the 50DEMA support then the price can go up to ₹99. If the stock moves upward and crosses the above redline in the next trading session or after touching the below line it will give breakout. RSI and CCI are neutral whereas the MACD has given a sell signal.