Tatamotors
Tata Motors - Inverted Head and Shoulder - BullishTata Motors is forming inverted head and shoulder pattern on hourly chart.
Short term and long term view is positive.
Entry can be taken only when it retrace back to the neckline and sustains or above the breakout line.
All the level are mentioned on the chart.
Disclaimer: All the levels are for educational purpose.
Breakout in Tata MotorsClear breakout in TATA Motors on a daily and weekly basis.
Tata Motors already filled the gap and made strong support. You can buy it at Rs 495 and in short term, it will go to Rs 512.
Once it will cross the Rs 514 then it can test the level of Rs 536 and after that, if it breaks the Rs 536 level then it will move towards the sky.
# Stay Safe, Stay Healthy and Keep Investing #
Simple Trade Setup | TATAMOTORS | 27-01-2022 [INTRADAY]NSE:TATAMOTORS
Observations:
1) On 1 day time frame, it closed just above 50DMA.
50DMA is placed at 488.63 level.
Please refer below chart : 1day Time Frame.
2) On 1 hr time frame, it is in the channel.
if it gives breakdown of this channel on 1 hr time then we can see down fall to continue.
Please refer below chart : 1hr Time Frame.
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Trade Setup for 27-01-2022
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.
TATAMOTORS: Bullish for long termHere I discovered potential buying zone when price moves to complete reverse head and shoulder pattern. After that targets are drawn and after all targets are met, it can go into price discovery mode.
Title sponsors of #IPL will surely pump up all #Tata stocks but #TATAMOTORS will be most advertised one during the IPL. Keep that in mind and take positions.
Three waves Flat(Sideways) correction is unfolding in real-time.Crucially, equality ratio can react as stiff resistance in Ending Diagonal triangle.
for wave ((5)) = ((3)) at 517.9 and for,
wave ((5)) = ((1)) at 514.95
Key Reversal zone - 511
Flat, a "sideways" correction is completing for wave "X".
Unfold in three waves as ((A)), ((B)) and ((C)) blue generates a 3-3-3 internal signature in real-time analysis often used as an initial go-to "alternate" count.
However, a flat should have 3-3-5 waves therefore, we are looking for the five waves for ((C)). There is nothing wrong if Wave ((C)) to carry above wave ((A)) because wave ((B)) has been below beginning of wave ((A)). In another words, a wave ((C)) can carry 506.4 above .
tatamotors monthly chart analysisAs said in the previous idea, above 525 it will hit 598 which will become triple top once 598 is hit. After this, i have marked two more targets and according to harmonics, they will also be achieved once candle goes above triple top line .
stay invested and enjoy
Note: this is for long term only
good luck
Also note that it is at long term simple trendline resistance so, once atleast weekly candle closes above it , it will become rocket
Tata Motors ComebackAny pattern in a higher timeframe works out very smoothly.
Here the Double Top Pattern took 7 years from the making to the execution and now the stock has been rising very steadily with growing volumes.
The technicals of Tata Motors are backed by the rapidly growing EV business and a fast adaptation of the same in the country.
Technical Aspect
As this platform is solely a technical base so let's keep it to that only.
1. We have 2 different resistance on the chart in the monthly timeframe.
Resistance 1 = 530/540
Resistance 2 = 590/600
This resistance has a high probability of breaking due to the strength of the current trend.
2. Technical Indicators of the stock are all positive at the moment in all major timeframes. (RSI, Stochastic, MACD, Bollinger Band, Supertrend, and Ichimoku).
3. Auto Sector has turned bullish this month only. Auto Sector has the same chart with the same double top pattern (given that disciples follow the discipline).
These are the following reasons why Tata Motors should cross any ceiling in the current uptrend.
Trade = Tata Motors is a buy at the current level with an SL at the open of the same candle - 495
Target = 1st Target is around 600 then it will be trailing.
Tata Motor is heading for a big breakoutAs our trade going good it is the time to trail our SL
Trailing stops only move if the price moves favorably. Once it moves to lock in a profit or reduce a loss, it does not move back in the other direction. ... One of the most important considerations for a trailing stop order is whether it will be a percentage or fixed-dollar amount and by how much it will trail the price.
A trailing stop is an order type designed to lock in profits or limit losses as a trade moves favorably.
Trailing stops only move if the price moves favorably. Once it moves to lock in a profit or reduce a loss, it does not move back in the other direction.
A trailing stop is a stop order and has the additional option of being a limit order or a market order.
One of the most important considerations for a trailing stop order is whether it will be a percentage or fixed-dollar amount and by how much it will trail the price.
Tata Motors Ltd. Sector: Auto - LCVs & HCVsTata Motors Ltd is India`s largest automobile company. They are the leader in commercial vehicles in each segment, and among the top three in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments.
CMP: 509
TARGET: 566 and Above.
Reason: Breakout neckline of w pattern now we get good rally in Tata motors. for long-term its good stock to target 600 , Many Eco project work in process.
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