TATA MOTORS --INTRADAY SETUP -- 03/02/2023TATA MOTORS--- 15 MIN CHART -- INTRADAY SETUP -- 03/02/2023
1. tata motors on 15 min chart seen trendline support at 438 level , at same level triple bottom formation seen , ( arrow sign )
2. RSI seen above wma and above ema
3. intraday Buy can initiate at current level 444-445 for target 450-455-460 stop loss bellow triple bottom support line at 435
4. intraday support at 438-440 intraday resistence 455-460
5. trading above 21,44, 50 HMA 15 min chart .
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ..
** Trade at own risk !!
HAPPY TRADING .!!
Tata
investment and trading idea for 2023 metal index
hindalco
tata steel
to me all three are looking positive for 6 months time period
TaTa steel is looking good on daily and weekly time frame
rsi is taking support from 40 levels on daily as well as weekly time frame
however on monthly time the confirmation is yet to come but monthly confirmation will not at come these prices till we find monthly confirmation prices will be above 120 levels
should not go below 80 levels from here my first target is 130 on tata steel will add more above 108 levels this will be a pyramiding trade for me i will add on higher levels not on lower levels
this trade is for final wave on metals dont get trapped later on
Tata Motor Trend AnalysisTata Motor has shown strength in todays weak market. This was todays go to stock.
Tata Motor has shown recovery from 2 support lines and looks strong. I see two targets coming in short term.
The trading view technical indicator is also showing buy signal on daily, weekly and monthly that is very good.
Today market has taken support from 200 EMA and is a good time to invest for a reversal.
Disclosure : I am not SEBI registered. The information provided here is for education purposes only. I will not be responsible for any of your profit/loss with this channel suggestions. Consult your financial advisor before taking any decisions. Tweets neither advice nor endorsement.
Tata Motors Multi-Time frame analysisToday, we are going to discuss Tata Motors. I am seeing the huge potential for this stock. This could give more than 100% growth initially in the next bull run.
Multi-Time Frame analysis:--
(MONTHLY)
-trading in range
-every time it comes to the channel bottom boundary, buyers come in & every time it touches the channel upper boundary the sellers come in.
-this trend started in 2001 & got stuck in this by this day also.
-trend on the monthly time frame is still UP & currently, we are consolidating somewhere in between this up trend.
(WEEKLY & DAILY)
-now on weekly TF, if we draw a trend line (TL) connecting the lower high (LH) starting from February 2015, we have got our set up!!
-considering the up move started in 2020 we have also seen a good volume on uptrend and in consolidation, we have also seen below-average volume, which indicates a healthy up move in progress.
(ELLIOTT WAVE ANALYSIS)
-it looks like currently we are in wave 4 of an impulse, where wave 4 is still in construction.
-wave 1 has been completed @ approx 155, wave 2 got completed @ 122 level, and wave 3 was closed in extended mode @ 526 level.
-wave 4 is still in construction, and could close somewhere at 38% - 50% levels.
(WHEN TO BUY ?)
We will try to find a buying opportunity whenever this stock gives TL breakout with a good or more than an average volume.
Tata steel — more downside than upsideMorgan Stanley published target of 95 Spot price for Tata steel earlier today.
Looking at poor state of Nifty (under 18000), and sharp increase in Tata steel price, we see more downside than there is upside, in Tata steel.
Also, Tata steel has rallied from 85 to 115+ already. Increase in iron ore price means REDUCED margins for Tata steel, not increase in their margins or price.
Tata steel can be sold into, if you see price rise; given that nifty is under 18000.
TATA motors - BREAKDOWNThe descending channel pattern is a bearish chart formation. It develops within pronounced downtrends in asset pricing.
traders view descending channels as evidence of weakened strength in the counter currency. Accordingly, it is frequently used to sell a currency pair and join the prevailing market downtrend.
First, let’s study the case of the descending triangle reversal. Typically, the descending triangle is more powerful when traded in the context of a trend. It’s also more powerful when traded in the direction of the prevailing trend.
However, the descending triangle reversal pattern can potentially reward you with bigger profits if traded in the right context. We only trade the descending triangle reversal pattern when this price formation develops at the end of a bullish trend, and in the context of an uptrend.
The reversal chart pattern emerges as the buying activity declines and the market fails to make fresh new highs. This shows that the supply-demand imbalance is shifting in favor of the sellers as buyers get exhausted.
In this case, we’re going to be looking for the flat bottom to get conquered by the bears. The potential support breakout can signal a powerful trend reversal.
TATA CHEMICALS LTD : DOUBLE BOTTOM BSE:TATACHEM
Tata chem is formed a double bottom pattern at its major support zone.
the entry should be above 828 only with the measured move target expectation in short term.
it have good support of daily TF.
Happy trading & Keep learning
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1st 140 Billion loss hua hai or ab 20 Billion Grow hua hai to hai to abi bhi loss mai
Gover..t abi losss mai hai laken wo Backup bhi ready kr rhe hai take 2023 kese wjh se krab bhi jaye to economy
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RBI Forex Reserve Grow is this Good or Bad ?
1st 140 Billion loss hua hai or ab 20 Billion Grow hua hai to hai to abi bhi loss mai
Gover..t abi losss mai hai laken wo Backup bhi ready kr rhe hai take 2023 kese wjh se krab bhi jaye to economy
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TATA STEEL --INTRADAY SETUP --28-11-2022TATA STEEL - HOURLY CHART --INTRADAY SETUP -28/11/2022
1. tata steel hourly chart seen trading at lower channel
2. last hourly candle seen breakout on lower channel at above 105 level
3.RSI seen abobe WMA and above 60 level now bullish for short term
4. one can initiate BUY on intraday at 106 for target 108-109-110 and stop loss 103 level
5. intraday support 103.75 , 105 and resistance 107.50, 110 as mention on chart
THIS IDEA IS FOR EDUCATIONAL PURPOSE ..trade at own risk..
Comments and suggetions are welcome .!!
HAPPY TRADING . !!