Tata
Simple Trade Setup|TATAMOTORS|02-11-2021[INTRADAY & POSITIONAL]NSE:TATAMOTORS
Observations:
1) On daily time frame, we can see it has been trading between 10DMA and 21 DMA since last 3 days.
10DMA is immediate resistance which is placed at 490.46 level range.
21DMA is placed at 446.24, which will work as majort support level.
Also last two candles are having very small body. And longer lower wick.
Please refer below chart : 1day Time Frame.
2) On 1 hr time frame, we can see that it is making almost flat lows and trading in decending triangle pattern.
Immediate Major support range is 470-480 level. Breakdown of this 470-480 level range will give bearish move.
Immediate major resistance is at 505 level.
Sustainable breakout of 505 level will make it again bullish.
Please refer below chart : 1hr Time Frame.
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For Positional Trade
Sustainable breakout of 505 level will be safe good entry point for short-mid term buy/long trade.
With SL of 495 and Target of 542-555-560.
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Trade Setup for Date 02-11-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Tata Elxsi DailyTata Elexi made a Higher high after the recent Tata surge and made a double top after.
It is a bit overvalued in this stage and if it breakes the the support , you might find a good shorting opportunity till it's base.
Also for traders taking delivery , a good long opportunity can be seen near the target price.
Simple Trade Setup | TATAPOWER | 01-11-2021 [ INTRADAY]NSE:TATAPOWER
Observations:
1) On daily time frame, we can see it took support from 21DMA.
Please refer below chart : 1day Time Frame.
2) On 15min time frame, we can see that it is facing resistance from one trendline and keep on taking support from 200 level.
Major support level is 200 Level. Breakdown of 200 level will make it bearish.
Please refer below chart : 15 min Time Frame.
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Trade Setup for Date 01-11-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
TATA POWER Triangle patter breakout Tata power Shows good upmove after correction today and at closing triangle breakout pattern seen 15 min chart, at same time breakout line at good support line so both this indication are showing upmove continue to next target 235-250 in 2-3 trading session whereas today sgx nifty also sign positive opening tomorrow, long position build up from here till 18500-18600 for nifty.
this analysis purely on technical basis, advice to take your own call after study at own risk.
Tata motors DVR long term#tatamotorsDVR
Tata motor DVR
Will be great addition to long term portfolio between 220-230 range.
That's a fib level support as well.
SL should be kept at 180 on WCB.
I prefer DVR over TAMO share as have never used voting rights and not planning to use it.
So why not get some extra dividend.😁
Info: big bull Mr. RJ increased his stake recently in this.
This stock will require patience to give money.
#VR
Simple Trade Setup | TATAMOTORS | 25-10-2021 [INTRADAY]NSE:TATAMOTORS
Observations:
1) On 15min time, we can see symetrical triangle pattern. And it closed near to the support line of the triangle pattern. If it breaksdown the support (bottom) line then it will be bearish. But if it takes the support and then breakout resistance (upper) line then it will be bullish.
Please refer below chart : 1day Time Frame.
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All the levels and most of the trade setup still remains the same as per previous.
Trade Setup for Date 25-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | TATAMOTORS | 22-10-2021 [ INTRADAY]NSE:TATAMOTORS
Observations:
1) On daily time, it made kind of a rising star pattern.
Only negative thing is that it is still far from short term DMA which is 10DMA. Also the gap is still open.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date 22-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | TATASTEEL | 21-10-2021 [ INTRADAY]NSE:TATASTEEL
Observations:
Let's first take look at NIFTYMETAL.
--> On daily time frame, if we apply FIB retracement only on recent uptrend move then we can see that today's candle took support from 61.80% level range.
Please refer below chart : 1day Time Frame.
--> On Daily time frame again, if we apply FIB Reracement on a bit longer uptrend move then we can see that today's candle is still above 38.20% level range.
And seems like it tried to test the previous breakout level of 5900/5905. And took support from that range.
As far as metal index is above this 5900 level range it has still possibilities to continue bullish move.
Please refer below chart : 1day Time Frame.
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Now let's take a look at TATASTEEL.
1) On 1 day time frame, it managed to close above 10DMA. 10DMA is placed at 1336.31. which will be immediate support at this moment.
Also if we apply FIB retracement for recent uptrend then we can see that today's candle took support from 61.80% level of FIB level.
If it sustain above it and breakout 1363 level range then it will be bullish again.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date 21-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | TATAMOTORS | 21-10-2021 [ INTRADAY]NSE:TATAMOTORS
Be very cautious if you are taking trade in TATAMOTORS.
I recommend that better to take trade only for safe side level and save your capital.
Trade Setup for Date 21-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | TATAMOTORS | 18-10-2021 [INTRADAY]NSE:TATAMOTORS
Trade Setup for Date 18-10-2021:
Most of the levels will remains the same as per previous setup.
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | TATASTEEL | 18-10-2021 [INTRADAY]NSE:TATASTEEL
Observations:
1) On 1 day time frame, we can see that it faces resistance from 50DMA zone. And closed below 50DMA.
50DMA is placed at 1381.56 level.
Sustainable breakout of 50DMA on daily time frame will continue the uptrend.
Please refer below chart : 1day Time Frame.
2) On 1 day time frame, if we apply FIB RETRACEMENT then we can see that it trade between 50% and 61.80% range of FIB.
Please refer below chart : 1day Time Frame.
3) On 15min time frame, we can see that it is trading in uptrend parallel channel.
Upper trendline will work as resistance, middle trendline will work as support & resistance w.r.t price action and bottom trendline will work as support.
Please refer below chart : 15 min Time Frame.
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Trade Setup for Date 18-10-2021:
Most of the levels will remains the same as per previous setup.
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Tata consumer product analysis.After sharp fall in NIFTY FMCG, finally it show some support in previous two days.
Now,
We can go long in Tata consumer and the reason for that is :-
1.> Taking support from long and major trendline.
2.> Support from fib 0.6 zone{if we calculate from previous trendline support} also support from fib 0.5 {when calculating from the resent zone}.
3.> A good consolidation at trendline area.
Conclusion :- If price break -ve trendline with good volume, go for long.