Tatamotors
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.
Nifty rebounds in style but ends below 17800NIFTY 50 EOD ANALYSIS -07-10-21
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 17810.55
H 17857.55
L 17763.80
C 17790.35
EOD +144.35 points /+-0.82%
SGX Nifty @ 1735h 17847 / +25 points
FII DII = It is a bit early for the data to be released. DIIs may have sold.
CHART BASED CONCLUSIONS using 5 Minutes Chart
A strong 150 point gap up opening and then it moved in a sideways range and as FTSE open neared, it headed higher but could not decisively cross 17850 even on a 5-minute chart for more than one candle.
The expiry blues entered in the last hour and Nifty drifted towards 17800 and then broke the level as 17800 CE would have been written aggressively.
It gave up most of the gains made during the day and closed below 17800.
The daily chart indicates a Doji as the Open and Close prices were quite close.
NIFTY WEIGHT LIFTERS & DRAGGERS
Top 5 Lifters contributed = 98
Top 5 Draggers contributed = 20
Net = +78
POSITIVES
Auto and IT leaders took the lead and held Nifty higher. The supremacy was evident as even the HDFC twins could not drag Nifty as they may have liked to do.
ICICI Bank closed above 700.
Reliance held on to the greener zone.
HDFC Bank held on to 1600 plus levels.
NEGATIVES
HDFC ended in red and is finding it hard to sustain closings above 2750.
Except for ICICI Bank, all leading banks ended in the red and that is what prevented Bank Nifty from attempting a hit to 38000.
TRADING RANGE FOR 8-10-21
Nifty 17600-650-700 is the support base. Resistance regrettably is at every nook and corner of the charts starting from 17800-820-850-900.
Bank Nifty Support = 37200-400 appears to be a good support area. Resistance 37800-38000-38200.
INSIGHTS / OBSERVATIONS
If you closely look at the OHLC numbers and intraday charts of the indices, you would realize that the moves for the day were such that they negated what happened yesterday.
The indices are just around the levels where they were on EOD 5-10-21. This means that we are still not out of the woods.
Tomorrow is the RBI policy so there may be some jerks experienced, however, in he recent times, the announcements have become a non-event.
What do you feel about this?
Thank you, and Happy Money Making!
Umesh
7-10-21
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.
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TATA MOTORSTata motors, this stock has given very good breakout along with good intensity of volume, in daily time frame its a rounding bottom breakout and in weekly its a bullish flag and pole breakout, trend indicator macd in weekly has also turned positive uptick, that too above zero line which is very good sign, along with positive in daily too, all other parameters are also suggesting signs of bullish trend ahead, one more positive sign is index of auto sector has also given flag and pole breakout same day. one can go long for positional medium term period in this stock tata motors at current levels or in dips ( if any ) with key levels mentioned on chart.
wave structure and key levels
breakout with volume
macd in weekly
macd in daily
rsi in weekly
rsi in daily
bbc in weekly
bbc in daily
positive ungali in weekly
poaitive ungali in daily
stochastic in weekly
chart pattern in daily
chart pattern in weekly
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
🚗🚒🚍 #TataMotors on his way to all time high TataMotors
Flag & Poll Breakout, trailing target All-Time High.
******whatever charts or levels sharing here are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on them. We are not SEBI registered.
FY21-22 Swing Trade Idea #160: Long on TATAMOTORS This is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.