Will Tata Motors continue its rally ???
• Bullish Bat harmonic pattern was seen, now retraced back until point B and got rejected today
• Bullish Crab harmonic pattern was seen and it retraced completely
• 20 EMA touched 50 EMA today
• Good strength in RSI and strong uptrend is seen
• Last two candles form dark cloud cover
• Currently showing...
TATAMOTORS having spent the last 3 months of market bullishness in consolidation (along with other Auto stocks) looks to be setting up for an uptrend in the coming weeks. Can go long positionally for Targets of 335/340 and 360. Stop Loss would be a closing below 310 on a daily basis.
Disclaimer - I have a position open on TATAMOTORS.
** Important Note - This...
Tata Motors has exhibited clear upmove graph. Post Inverse head and Shoulders formation it has given a breakout. Now I am certainly entering the trade with following strategy.
If stock continues non-stop upmove:-
Then I will enter the trade when it crosses above 329 around 330
If the stock consolidates:-
And takes a rejection at 9 EMA...
Details of Option levels shared and bagged profits today, check in gro up.
#RELIANCE - 5,000 per Lot
#TATAMOTORS - 11,400 per Lot
#COALINDIA - 9,660 Per Lot
#GODREJPROP - 56,200 Per Lot
#TATAPOWER - 30,000 Per Lot
#HINDALCO - 9,600 Per Lot
#TATACHEM - 8,500 Per Lot
NIFTY 50 EOD ANALYSIS -23-09-21
O / H / L / C
17670.85 / 17843.90 / 17646.55 / 17822.95
H-L = 86 points
VIX 16.6 / +0.67%
FII DII: +1530 Crores
SGX NIFTY at 1930h - 17853 +22 points
Likely open: Flat to mild positive. Profit booking may kick-in in the PM session.
CHART BASED CONCLUSIONS - 15 M Chart
A strong gap-up open and a sustained...
Note: This is for educational purpose only. Please do not trade in F&O based on this.
There seems to be an Inverse Head & Shoulders breakout with volume. RSI above 65 indicates bullish momentum. Moreover, relative strength of this stock is above Nifty.
1) On Daily time frame, ealier it took support and reverse from 21 DMA and today it broke 100 DMA.
21DMA is placed at 298.85 and 100DMA is placed at 312.26 level.
Please refer below chart : Daily time frame.
Trade Setup for Date 24-09-2021:...
After completing the expanded flat pattern, TATA MOTORS has given a HH HL sequence which suggest that stock is ready to continue its uptrend. Buy on cmp add on dips (if any) . Keeping the SL of 294 look for the tgt of 380's - 400 zone
Price is moving under the consolidation area for 225 days . It has finalized sub-wave (C) of wave ((4)). If price breaks sub-wave 4 of wave (C) of wave ((4)), it is the beginning signal of Wave ((5)).
We can get the following swing trade targets: 340 - 362 - 415
Tata motors Trading near most moving average(20,51,100). price is still getting tough support in lower levels. although profit booking in higher levels still put check to the price. price has trapped in channel after bounce back from bottom. so far 280 is still giving big support to the price, while 315 is giving miner resistance to the price and we can see in few...