Tata motors forming morning starOn daily time frame a morning star with volume confirmation is being formed.
On Fibonacci levels resistance are 410, 421 and 431.
Just look for a bullish trade setup in this stock.
Tatamotordvr
Tata Motor DVR : Buy, Target Rs. 265 Tata Motor DVR has tested the lower band bollinger band level and its ready to give a bounce back to test the upper bollinger band level of Rs. 265.
Maintain strict Stop Loss.
Disclaimer : Do your due diligence before investing. For educational purposes only.
Target 1 (27%) achieved in Tata Motors DVR. Target 2 is ON...This is follow-up on Tata Motors DVR. Can check link to related ideas.
Target 1 achieved. More than 27%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
pennant in TATA MOTOR- BEARISHTata motor has seen a steep fall and now it's consolidating in a range but according to the technical pattern of pole and pennant, it has to see more downfall from here.
a good support levels are at the level of 280
Tata Motors - Pull back for Long duration Long EntryReading Weekly Chart doesn't show many points in recent history to derive levels.
While multi year resistance , 200, was taken out two weeks back, the volume was historic high.
Price went from 200 to 300 in just 2 weeks, and third week saw retracement of 30-35%.
If retracement become deep till 50%, then it coincide with 3 year old history of 2018 weekly resistance near 248.
Prices may get tight at this level for weekly closing.
On upper side, there may be lot of supply in 280-285 band from the FOMO entry trapped there during 2nd week of the break out.
Fundamental side, the quarterly result announced after market hours of recent candle, will how it's impact on coming candle.
December-2020 Result has improvement in EBIDTA by 208% YoY , PAT by 67% YoY
This positivity in results may have positive bias on stock price during week.
