Tatamotors
#tata motor breaking out The stock is breaking out of a previous resistance. Also if broken out of the FIB retracement 61% from top which
Is clear indication of further up move. The momentum and trend indicators are bullish on all timeframes
The entire auto sector also has broken out leaving no doubt on bullishness, however make use of trailing and
Tight stops the cover the risk of this sectorial moves sustaining beyond the festive season.
Could Tata motors be the hottest investment for 2021?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
Simple Trade Setup | TATAMOTORS | 11-10-2021[ INTRADAY]NSE:TATAMOTORS
Trade Setup for Date 11-10-2021:
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 respsective level considering how price action works near that level.
Tata Motors - Expecting a retestPrice 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, dont try to add big lots after the break out immediately.
Tata Motors - What's Next Tata Motors is among the heavy weight stock of Auto Sector. With the downtrend in Auto Sectors due to chip shortage it was also suffering which was visible in the price action. However, since chip shortage news has been priced in and the results season are near so have seen a multi month breakout in tata motors.
Now following questions comes up -
What if I am holding? - Hold patiently, if interest to add more you can wait for a pullback cum retest to near about 360 levels.
What if i missed the breakout of 360 level, should i go for it at this price? - I won't prefer to buy it here because from here risk reward ratio will be too low. Rather as said earlier, would go for it after seeing the price action near 360 levels.
TATAMOTORS level and stop for investmenttata motors has given breakout with strong momentum and volume.
levels shown are important. it can test these level before going further high, i would recommend taking a small long position here at 5% of quantity which you would otherwise buy and averaging at given levels.
stop - around 323
Tatamotors upcoming move- bearish or bullishTata 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 days breaking that level and hitting 340/360 level soon.
TATAMOTORSTata Motors share price today climbed to its new 52-week high of ₹368.40 apiece and became second most Nifty-50 gainer today in early morning trade session. The Tata group stock, which is a Rakesh Jhunjhunwala portfolio stock too, opened today with an upside gap of 5.05 per share and went on climb its 52-week new high logging around 9 per cent rise from its yesterday's close at NSE. However, stock market experts are still bullish on the counter and expecting further upside in this auto stock.
SELF EXPLANATORY SERIES : QUICK ANALYSIS ON TATAMOTORS.In this self explanatory series I will be posting charts with pure technical analysis only without full length explanations , Traders can ask their doubts in comments section, Happy trading.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading.
Simple Trade Setup | TATAMOTORS | 08-10-2021 [INTRADAY]NSE:TATAMOTORS
Observations:
1) On 1 day time frame, we can see that it gave strong breakout of 360 level today, 07-10-2021.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date 08-10-2021:
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 respsective level considering how price action works near that level.