Tatamotors
TATAPOWER Analysis 18/11/21; S&RTata Power is building support at current levels of 236-237.
At point 1, we can see a STRONG SUPPORT LEVEL (Trendline support in parallel channel as well as Fibonacci Retracement 0.236 support level.)
As we have already seen previously, TATA POWER has taken support and bounced back from these levels a few days back.
If the stock sustains and respects this strong support level, then a further upmove is expected. Levels can be seen from the colourful fibonacci extension charts. Stock has already seen a resistance in this zone, early this morning. You can go long here for targets till 250 and further to 270+ (Its ATH).
Even if stock remains in this channel, we can for sure look for an high till stock touches upper band in this channel.
** I am not SEBI Registered advisor. Kindly consult before taking trade. **
Tatamotors ShortI hope you can now see how Tatamotors represents an excellent low risk profit entry setup allowing you to trade in the market. Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
TATA MOTORS- Buy after the breakoutTata motors is showing a good flag pattern and I'm long on the share. I've been holding it since October with enough profits already. And I'm still very optimistic on the share. However, for people wanting to enter now I would say they should not rush. Wait for a clear break out of the highest line shown on my chart. This is where the price is on right now. But as you can see this has been an area of resistance in the past. So to make sure you are not entering into a whipsaw, please wait for a clear breakout with good volume from this point. And let it trade there for sometime. Once you get that breakout, I would say a target of 650 would seem pretty modest. And if this proves to be a whipsaw, just buy at 500 and then at 475 if it falls further and then sit back and wait for that wonderful breakout. As shown in the chart, 475 is a very good support.
Thank you, hope this was helpful.
The Planned Assualt on Indices ContinuesNIFTY 50 EOD ANALYSIS 17-11-21
In this post, I talk about the analysis for the day and the trading range for tomorrow. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow.
O 17939.35
H 18022.65
L 17879.25
C 17898.65
EOD --100.55 points / -0.56%
SGX Nifty 17-11-21 @ 1835h = +23 points
FII DII = -405 Crores
CHART BASED CONCLUSIONS using 5 Minutes Chart
Nifty opened with a gap-down and then went too close to 17900 which is one of the key levels for support and from there it rallied to 18000+.
Then in its typical fashion it sold off and rested on an intraday support level and just before FTSE open, it attempted to breach P Close.
And since FTSE was negative, it simply did not have to bother any more and took the path of least resistance which as of now is on the downside.
Nifty thus made a lower high and a lower low.
Bank Nifty also fell though in the closing stages it appeared a tad better than Nifty.
NIFTY WEIGHT LIFTERS & DRAGGERS
Top 5 Lifters contributed = 36
Top 5 Draggers contributed = 80
Net = -44
POSITIVES
Tody as well, Maruti, and Tata Motors kept a firm grip throughout the session.
ITC was also acting firm and it was good to see the sleeping giant helping Nifty stay afloat.
NEGATIVES
The negative wave continues and scrips keep losing momentum and drifting downwards.
Reliance was joined today by the HDFC twins, Kotak Bank, and Axis Bank. This is what caused the max damage to the indices.
FII-DII are net sellers.
TRADING RANGE FOR 18 November 2021 - Last session for the week
Nifty Support 17800-900
Nifty resistance 18000-18050-18100-150
Bank Nifty Support 37800-38000-38200
Bank Nifty Resistance 38500-700-800-39000
INSIGHTS / OBSERVATIONS
Another Maths Wiz day as the difference between today’s close and that of yesterday is 100 points on Nifty. That is why the heading - The Planned Assault on Indices Continues.
For the first time in November, Bank Nifty breached 38000. Testing of nerves is still in progress.
At times, the indices tend to open with a good gap-up after 2 or more days of down days. This IMO happens more like a trap for the retail shorters who generally act in the final phase. Let us put this reading to the test tomorrow.
Here is my tweet about FII Buying and market behavior:
Maruti went up more than Tata Motors, but it is not featured in the Top 5 Lifters of Nifty. Maybe this also indicates why Tata Motors is more important from an investment point of view.
What do you feel about this?
Here is the video link --
Thank you, and Happy Money Making!
Umesh
17-11--21
NOTE --
This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right.
---
Tata Motors DVR, May down a littletata motors resemble the evening star on the daily chart probably go down a bit. #Evening star
LEMONTREE consolidation; Asc Triangle & Parallel ChannelLEMON Tree started consolidation move, trapped in Ascending Triangle pattern since late 2020. This consolidation broke out in Late September. Coincidentally I also found out that the stock is also following a Parallel Channel Consolidation, as visible from chart. The stock is now consolidating near upper band of this Channel. A probable breakout from this point, supported with volumes may lead this stock to scale new highs after the fall of March 2020. Stay with this trade for a target of above 60.
** I am not SEBI Registered. Kindly consult your advisor before taking trade. **
Simple Trade Setup | TATAMOTORS | 15-11-2021 [ INTRADAY]NSE:TATAMOTORS
Most of the trade levels and setup remains same.
Trade Setup for Date: 15-11-2021
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.
Simple Trade Setup | TATAMOTORS | 12-11-2021 [ INTRADAY]NSE:TATAMOTORS
Trade Setup for Date 12-11-2021:
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.
Tata Power Fibonacci Retracement SupportOn the 1H chart, we draw Fibonacci taking swing highs and swing lows. It's clearly visible that TaPo takes support at 0.236 retracements. If it sustains and respects these support levels, a further upmove to the levels where it faced resistance (i.e. the recent high tested yesterday 10/11/21).
#tatamotors flag pattern breakoutThe stock is seeing flag and pole pattern breakout seen on daily timeframes
Momentum and trend indicators showing bullishness n short medium and long timeframes
weekly showing good volumes too.Daily window Gap support exit at 463 levels that could be
Stop loss for swing/positional or FIB retracement 23 also could be used for same purpose
if aggressive.
TATA MOTORS Consolidation TATA MOTORS after seeing a huge breakout from 350 levels has been consolidating between 480-510 for almost a month. The good news is that the stock has taken strong support and shown resilience at 475 levels any price below 475 is a buy zone as the stock has recovered quickly after dropping below 475.
Upside and Downside both capped. Until we see a strong closing above 515-520 levels we can expect further consolidation.
Simple Trade Setup | TATAMOTORS | 09-11-2021 [ INTRADAY]NSE:TATAMOTORS
Observations:
1) On daily time frame, we can see it took support from 10DMA and sustain above it.
10DMA is placed at 490.08 level.
Please refer below chart : 1 day Time Frame.
2) On 1hr time frame, we can see that it gave breakout of the trandeline and managed to get support from the base of 470-480 level range. If this breakout sustain then we can see upward move again.
Please refer below chart : 1hr Time Frame.
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Trade Setup for Date 09-11-2021:
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.