Tata Motors | Positive Divergence | Initiate longs above 170We could observe a Positive divergence through RSI and MACD in Tata Motors. One can clearly find a bullish bias especially with the momentum of current up move.
170 is a key area from price action action perspective as the stock has reacted to this level historically. Fib 23% coinciding at that level makes it even more significant. Hence, even though we hold a bullish bias, it is necessary to wait for the candle to break above 170 on closing basis. Once we get that confirmation Longs can be initiated with stop below 150 and targets at 183, 190 and 200 (mentioned in chart).
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
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TATA MOTORS DOUBLE TOP WITH 2618 STRATEGYDouble top formed on 30 minutes chart of Tata Motors. We have to wait for the break out below the neck of the double top pattern i.e. 389.30
Now we have to use fibonacci retracement from swing high i.e. time 13:45 price 393.95 to swing low i.e. time 14:15 price 387.20. In majority of the cases it will have retracement upto 0.618. We have to put limit order sell at that level i.e. 391.30 or somewhat below that around 391.05, then wait for the order to trigger as soon as order trigger we have to put Stop Loss at 395.00 i.e. just above double top's high candle and Target - 1 will be latest structured support i.e. 386 and Target - 2 will be last swing low i.e. 379.45. In this case trade has already triggered i.e. candle time 14:45 price 391.30. See RSI divergence also on downside.
Note : Majority time of the trade you will be in a green. It works in all time frames. Sometimes it may not retrace upto 0.618 but retrace only upto 0.500. So as per your risk reward ratio you can trade. Do exact reverse if its double bottom.
Tata Motors - Symmetrical TriangleIn Tata Motors, a symmetrical triangle pattern may emerge on the price chart, characterized by converging trendlines indicating a period of consolidation. This pattern typically reflects a balance between buyers and sellers, resulting in lower trading volumes as the price oscillates within the triangle. Traders keenly observe this formation for potential breakout opportunities.
A trading strategy for the symmetrical triangle pattern in Tata Motors involves waiting for a confirmed breakout. Traders often set buy or sell orders just above or below the triangle's trendlines, anticipating a significant price movement. When the price breaks out of the triangle, whether to the upside or downside, it signals a potential continuation of the previous trend.
Here Tata Motors has been in an uptrend prior to the symmetrical triangle formation, a breakout to the upside would indicate a bullish continuation, prompting traders to enter long positions. Conversely, if the breakout occurs to the downside, it suggests a bearish continuation, prompting traders to consider short positions.
Risk management is crucial in this strategy, with traders setting stop-loss orders to limit potential losses if the breakout fails. Additionally, confirmation through increased trading volume after the breakout enhances the reliability of the trading signal. Overall, trading the symmetrical triangle pattern in Tata Motors requires patience, discipline, and careful risk management to capitalize on potential price movements.
We get target as per measurement rule.
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Arvind Yadav, Cfa
Arvind Share Academy
Tata Motors Chart Analysis and Targets 1 Year Return - 43.2%, 5 Year Return -140.3%
Tata Motors reported a consolidated profit of Rs 3,202.80 crore for the quarter ending on June 30, 2023, a significant turnaround from the loss of Rs 5,006.60 crore reported in the same quarter last year.
According to the company's filing on the BSE, the consolidated revenue for the quarter reached Rs 1,02,236 crore, reflecting a notable increase of 42.1%.
Tata Motors has actively embraced the era of electric mobility in the 2020s, with initiatives including the launch of electric versions of existing models and a strong focus on developing electric vehicle technology.
The company made 57% more money from its British division, Jaguar Land Rover (JLR).
Tata Motors Stock Given Breakout and Trading at All-Time High.
Where To Enter In Tata Motors Stock - Wait for Retraisment and Buy Near Support Zone As per marked on Chart
Short-term Targets - 710, 810
Long Term Target - 910
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TATA MOTORS (entry chance)news based fall (not a big issue for tata motors)
Jaguar Land Rover (JLR) issued a profit warning on Tuesday citing the impact of semiconductor chip shortage on vehicle production, sending its parent Tata Motors's stock down. Tata Motors also said that based on the recent inputs from suppliers, the chip supply shortages in Q2 are expected to be greater than that in Q1FY22, potentially resulting in around 50% lower wholesale volumes than planned.
chance for adding tata motors
buy level- 306-307
target- 325-340-355
This trade for portfolio adding stock ( not for pure trading)
time frame- short to mid (21 days to 2 months)
no stop loss coz pure portfolio adding
I am adding at the level of 306
thank you
TATA MOTORS SUPPORT AND RESISTANCEAs government has given motors sectors 6 years to transform their sector, Tata motors is continuously falling and may experience some downfall due to Brexit and from JLR(JAGUARLANDROVER), Here I have plotted some support and resistance that should work for Tata Motors in Upcoming weeks, Support for 2 weeks data, Tata Motors is trading in downside channel as you can see, I have drawn the trend line for you, Please consult your financial advisory before trading
Tata Motors - A delusional rallyTechnicals in TATA Motors are not the best indicator currently. My intraday positions in this script have been almost daily since the disastrous Q3 numbers & the subsequent crash. Make money with me.
At current levels,Tata Motors is a short. Stop Loss 196.5, Target 174-178 (Intraday traders must observe before entering, entry point is very important for scripts like Tata Motors)
P.S. Current rally in my view has been orchestrated by heavy buying by one of the owners of Tata Group which can be expected to subside now.
Tata Motors-1-Chart AnalysisTata motors CMP:953.95; RSI: 42.73;
Tata motors, chart is showing signs of fatigue and weakness, is poised to slide into consolidation phase and may retrace- back to a zone of (Rs 840-775). Tata motors is fundamentally strong counter will be a good buy in a zone at 800-850. Sentiment may reverse for a momentarily if script closes above breakout ceiling of 1070 on closing basis for 2 consecutive days, then swing-target of 1220 is also possible.
On long term basis Target-1 is positioned at 1550 level and new leg of rally may take script to 2020 levels in 10 to 12 months’ time frame.
As of now no new position should be taken in the script, those who hold the script should keep a strict stop loss of Rs: 898.
New position should taken either at 800-850 level or on breakout confirmation @1070
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Tata Motors on the Verge: Key Resistance Levels
Current Scenario:
• Tata Motors is experiencing a consolidation phase just below its previous high.
• The stock has touched the resistance line twice (Touch 01 and Touch 02), indicating a strong resistance level around the previous high.
Key Levels:
• Entry Point: ₹1,029.00
• Stop Loss: ₹1,051.00
• Target Levels:
• Target 01: ₹991.95
• Target 02: ₹938.20
• Target 03: ₹904.00
Analysis:
• The stock is trading close to the resistance line, and a breakout above this level could signal a potential upward movement.
• Conversely, if the stock fails to break this resistance and moves downward, it might reach the indicated target levels.
Trading Strategy:
• Bullish Scenario: If Tata Motors breaks above the resistance and sustains, consider entering a long position at ₹1,029.00 with a stop loss at ₹1,051.00.
• Bearish Scenario: If the stock fails to break the resistance and shows signs of reversal, consider shorting with target levels at ₹991.95, ₹938.20, and ₹904.00.
Conclusion:
• Tata Motors is at a critical juncture with significant resistance levels in play.
• Traders should watch for a breakout or reversal at these levels to strategize their trades effectively.
Tata Motors on the Move: Unpacking the Bullish MomentumA recent development on the Tata Motors stock chart has caught the eagle eye of traders and investors: a compelling breakout from a bullish pennant, coupled with a closure above its All-Time High (ATH). While these technical patterns portray a potentially lucrative picture, it's vital to delve deeper and understand the implications and strategies before jumping on the bandwagon.
1. The Bullish Pennant Breakout: A Signal to Surge:
Tata Motors has unfurled a classic bullish pennant, a continuation pattern that signifies a potential pause in the market followed by a robust breakout. The breakout, importantly, is accompanied by a noticeable uptick in volume, further solidifying the move and indicating strong investor participation and interest. High trading volume during a breakout often underscores the momentum and could suggest a robust upward move in the forthcoming trading sessions.
2. Soaring Above the ATH: Uncharted Territory:
Navigating through its historical data, Tata Motors has recently closed above its ATH, a significant development in the technical analysis realm. A stock reaching new heights can potentially indicate that it is being driven by underlying fundamental strength or positive sentiment among investors. This scenario can often pave the way for further price appreciation, as it reflects a prevailing bullish outlook and a lack of overhead resistance. However, thorough scrutiny and vigilant monitoring are paramount to navigate through these uncharted territories effectively.
3. Charting the Course: Target and Risk Management:
For those considering entering around the INR 670 mark, a potential target could be envisioned around INR 800, providing a seemingly attractive upward potential. However, astute investors must always pair potential gains with a rigorous risk-management strategy. In this context, maintaining a stop loss slightly below INR 570 could be a prudent strategy, offering a bit more than a 1:1 risk-to-reward ratio. This approach not only safeguards your capital to an extent but also ensures that the trading strategy remains disciplined and well-structured.
Disclaimer: Not Financial Advice:
It's imperative to underscore that the perspectives shared in this article are purely observational and not financial advice. The financial markets are influenced by a myriad of factors, and while technical analysis provides insightful data, it does not guarantee future results. Always ensure that your investment decisions are well-researched, align with your financial goals, and are supported by a comprehensive understanding of the risks involved.
TATA MOTORS Looks BearishAs per Technical analysis and OI Data looks Like Tata Motors looks bearish. it will face resistance Near 613-615 Level if its break then probably Tata Motors will test 600,590 Level in coming Days.
Keeping this mind e can buy Tata Motors 600 PE Near 7.80-8.50, Stop Loss 5, target 13,15
Time Frame 3-5 Days
Investment required 11500
Maximum Loss -4200
Profit upto 9900
This is only for Educational Purpose.
TATA motors Near Resistance Zone Buy or Sell ? TATA MOTORS Support and Resistance with Confirm Targets 2023
TATA MOTORS is Favorite Stock of Indian People , In Market Downtrend Stock if Moving Upward ,
Now near Major Resistance Zone if It will Break that Zone Stock will move like rocket See Below Support and Resistance Zones for TATA MOTORS
Major First Resistance Zone - ( 455- 460 )
Major Second Resistance Zone - ( 527 - 537 )
Major Support Zone - ( 357- 375 )
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TATA motors wave perspectiveEducational purpose only; TATA motors wave cycle same as Bank nifty & nifty index charts ....
.here support level as 300- 360 very crucial level for bounce back...
Now TATA motors in wave C direction .... Nifty 50 index & Reliance industries HDFC Bank & TATA motors these all chart are same as 85%
If correction will be end the stocks at same time... After beginning a new cycle....
Thanks for everyone....👍
TATA Motors Trade setupEducation purpose only: Tata motors forming wave Y correction .
Support level for Retracement has marked by green boxes
Tata motors has forming Next few days similar fall to end the correction..After Tata motors make new rally upward direction..
To confirm Rally Using RSI level above 50....
Tata Motors ComebackAny pattern in a higher timeframe works out very smoothly.
Here the Double Top Pattern took 7 years from the making to the execution and now the stock has been rising very steadily with growing volumes.
The technicals of Tata Motors are backed by the rapidly growing EV business and a fast adaptation of the same in the country.
Technical Aspect
As this platform is solely a technical base so let's keep it to that only.
1. We have 2 different resistance on the chart in the monthly timeframe.
Resistance 1 = 530/540
Resistance 2 = 590/600
This resistance has a high probability of breaking due to the strength of the current trend.
2. Technical Indicators of the stock are all positive at the moment in all major timeframes. (RSI, Stochastic, MACD, Bollinger Band, Supertrend, and Ichimoku).
3. Auto Sector has turned bullish this month only. Auto Sector has the same chart with the same double top pattern (given that disciples follow the discipline).
These are the following reasons why Tata Motors should cross any ceiling in the current uptrend.
Trade = Tata Motors is a buy at the current level with an SL at the open of the same candle - 495
Target = 1st Target is around 600 then it will be trailing.
Buy Tata MotorsTata Motors Ltd (NSE Cash)
LTP: 291
Support: 306 / 312
Resistance: 285
The candles resisted 306 levels for the first time in January and took support at 280 / 285 levels in the month of March. We can understand the strength of 280 / 285 levels as the chart has been taking support at these levels since months now.
Something really small went wrong on 6th July 2021 which triggered a fall from the highs of 351.55 to lows of 289.50 till yesterday, the 28th of July 2021 which comes up to almost an 18% fall in 22 days. This is huge.
It took the chart 6 months to gain 20% but around 22 days to lose 18% just because of a small issue which every other car manufacturer is facing. This doesn't seem right.
I think this is where we should enter into long positions in Tata Motors with a Stop Loss of any level before 280. Tata Motors may re-test 350 levels quite soon.
Tata Motors reversal possibilityRemember folks, tata motors are strong on fundamentals. Although they have been heavily priced upwards in past quarters they might not fall back so quickly. There is tremendous potential for tata motors to grow. And growth stock generally gets priced really high. I think tata motors provide a healthy risk to reward ratio.
TATA MOTORS - A MUST BUY IN THE PORTFOLIO BELOW 164WAVE 1 - 24 POINTS
WAVE 3 - 18 POINTS
If wave 3 is 18 points ; then wave 5 of ending diagonal has to be shorter than 18 points
Previous low of TATA MOTORS is 164.
if we deduct 18 points from the current price of 178 , then it comes to 160
Hence i conclude that anything below 164 is a must buy in Tata motors .
Even otherwise intrinsic value of tata motors is 264 which is the fair price
So at the current price , it is highly under-valued and an upmove is shortly expected
All wave counts are work in progress & are meant to aid trading
I use Elliott wave count to help in my trading &i am willing to accept i could be wrong
& knowing before hand what i will do when i am proved wrong...
The only thing that are guaranteed in life are Death & taxes....... (Benjamin Franklin)
TATA MOTORS (D) Is the tide turning positive for Tata Motors?
After witnessing some volatile sales numbers Tata Motors began 2018 with a strong note posing a healthy 43 per cent spike in January volumes at 59,441 units, led by strong demand for both commercial as well as passenger vehicles sales. Moving to the charts we observe that the trends have been steadily heading lower and has now tread into strong supports around 383 and is now rebounding higher. The current trends are showing that we could now be envisaging a strong rebound. Click here to read more...
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Tata Motors-2-Chart AnalysisTata motors CMP:786.45; RSI: 36.35;
TATAMOTORS has completed 5 wave impulsive -Primary Bull cycle phase on weekly chart basis and now in corrective of ABC wave in formation . Corrective Wave-A has bottomed out and wave-B may give a swing trade opportunity for aggressive trader . This wave-B may take the Tata Motors shares at levels of 969-980 levels.
In Long term view is still avoid and fresh entry is suggested only for swing trade.
On daily chart basis, also 5 wave structure has formed as identified in chart structure, It suggest script will now reverse as it has entered wave-a formation.
Chart structure suggest a swing trade is open. The key crucial levels are listed below
Swing Trade Target 1: 969-980; Target 2: 1000-1020.
Stop Loss : 710
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