Looks like a repeat of itself of 2010, now again in 2020 after 10 years. Definite buy on a close above 160-165. Keep an eye for it to hit the blue box !!
Monthly Chart view: Tata Motors has formed perfect XABCD Bat pattern. One can look for long term investment in TAMO for targets 300/440/600. SL is as 101.
Buy and Average at 102-107 level. If u see the blue rectangle it clearly indicated buying at 129-135 level and stock bounced from their only. Now main support lies at 105 level. I have a conviction that it will reach there because volume of selling for feb is almost 70% of avg volume and its just 9 days in Feb.
Tata Motors is at the support levels of longterm trend channel. Add here and more on dips for the long term target of 600. Only for patient and long term players
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...
Yesterday's afternoon session was good consolidation and on range break in Tamo, we will get good downside move. The trade setup gets invalidated if price crosses above the resistance zone 443's convincingly but we will be watching for reversal around the resistance zone for downside movement. Both ways are mentioned on chart, if all goes as planned we will be...
If you go n check on larger time frame TaMo is on very good support & with Bullish Bat patter completion around the support zone. So, its ideal for us to expect a move towards 450's zone. But if you notice keenly, risk-reward will be skewed on this particular setup as we had gapup open today in Tata motors, so if you wanna tackle that comfortably Go down on 1 hr...
Same as Ambuja cements yesterday, Tamo was on bearish side that's the only difference here, resistance at 61.8%, on bearish confirmation depending on your risk , You can take shorts in Tamo. This week, I don't even know what to write in description :P
We do have channel break already in Tata Motors so with bearish moves in past sessions, I guess we will reach our targets.