Good News for Tata Motors Sales Rises in All Segments
TATA MOTORS Up 8% in a Day Candle Keep Eyes on Stock
Breakout Level on Weekly Chart - 455 - 460
Target After Breakout - 527 - 536
Stoploss - If Any Weekly Candle Closes Below 450
#Tata motors (CMP-403)
SETUP:-
1 . Tata motor forming a descending triangle pattern
2 . There are multiple trendline resistance from upside
3 . In weekly TF crossover between 20 EMA and 50 EMA
4 . If it break 370 level then it may fall📉
5 . If stock possible to sustain above 445 level then it may go upside 📈
Price breaks out the consolidation zone.If market trend continues stock will perform.
Short term Target 462.70/532 SL below trend line.
Market always risky it derives under many factor. So, don't take any trade or investment decision based on recommendations. Do your own analysis before enter into the trade.
Tata Motors (tatamotors) formed a falling wedge pattern breakout on a bigger timeframe (monthly/weekly) candlestick chart. The level to watch is 160 + or 120 -. Any side breakout and stay above/below this shared level, it will move one side.
Thanks,
Breakout Stocks App (Android)
Price after the bull run was in an accumulation phase for some time and now it breaks the level with a strong green candle for the week and closes above the resistance level, one can expect a retest of the breakout level.
If some one misses the breakout level then add a small quantity at the current price and if price nears the breakout level then add the rest,...
BUY TATA MOTORS ABOVE 315-316
SL BELOW 280 ON CLOSING BASIS
TARGETS 340, 360
Disclaimer: All Charts are for educational purpose. Please consult your financial advisor before investing.
Tata Motors is forming a rounded bottom pattern attempting to breakout of a level respected over the last 3 years. It would be advisable to wait for the successful breakout and look to enter upon follow through.
Looks like Tata Motors is heading up. The chart suggests that it is attempting a Breakout near 120.
Points to ponder:
1. The candles of last 4 days have a small range and small bodies which may suggest a breakout. But not necessarily.
2. The volumes are decently mediocre. Nothing extravagant in that.
3. The retracement candles are red and bigger than their...
Tata motors study
- in bearish channel from long term
- important resistance zone 138 & 160 around
- instead of buying wait for coming to resistance zone will short it on high ! :)
Happy trading !
With multiple headwinds, the stock had corrected big time and is now on the path of recovery aided in part by the easing of the global pandemic led economic lockdown. While it was tempting to have entered the stock at levels closer to 70, we needed to be certain of the recovery path. In the past month, the stock had attempted to retrace but failed at the 23.6%...
