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Tatamotors

Simple Trade Setup | TATAMOTORS | 27-08-2021 [intraday]NSE:TATAMOTORS Trade Setup for Date 27-08-2021: 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 tomorrow. Hope I made it easy to understand it. Do comment your doubt or suggestion.
NSE:TATAMOTORS
by Trading_hawk
4
Can Tata motors recovery from here? Check this analysis.Tata Motors' price took a great beating for its openness about the semiconductor shortage it has been facing. Many investors feel that the company did the right thing by being transparent. The volumes are very low which indicates sharks are not interested in the stock just yet. But the price being in the demand zone, it is time to look into it. The demand zone here is formed by the fib retracements 1.414 and 1.618. The stock has fallen enough, if it bounces back from the demand zone with higher volumes, we can wait for a pullback test and then go long. If it somehow comes to test the bottom of the demand zone, wait for the price action @ 272 for a day and then go long. If it manages to sustain below 260, go short. At point going long has the higher Risk Reward ratio. The probability for the price sustaining below 260 is little, it may go below 260 to hunt longs' stop losses. The volumes when stock price crossed 260 for the first time are huge, so my stance here is neutral to long. I would not go short for positional trading. Stop loss and profit booking levels for both long and short positions are mentioned on the chart. As per your risk appetite choose the long or short position. This is not investment advice. Please consult your financial adviser before investing. Thank you.
NSE:TATAMOTORS
by Sanjan91
Nifty ends at ATH Close above 16600NIFTY 50 EOD ANALYSIS -24-08-21 IN SUMMARY O / H / L / C 16561.4 / 16647.1 / 16495.3 / 16624.6 H-L = 152 VIX 13.19 / -3.65% FII DII: +730 Crores Likely open: Flat to positive with resistance at 16650-700. CHART BASED CONCLUSIONS Yet another gap-up opening was sold into. Yet, Nifty made a higher and a higher low. Nifty ended at ATH close and is now 70+ points away from the ATH level and this may be the hardest journey. A Pro gap-up opening was seen today indicating that the bulls are likely to buy at any dip in the index. NIFTY WEIGHT LIFTERS & DRAGGERS The Weight Lifters BAJAJ FINSERV 28 HDFC BANK 23 BAJAJ FINANCE 20 ICICI BANK 12 RELIANCE 08 TOTAL 91 The Draggers INFOSYS 10 HDFC 08 TCS 04 NESTLE 03 ASIAN PAINTS 02 TOTAL 27 Lifter - Draggers = +64 The above explains how Nifty managed to close at the ATH level as the draggers proved ineffective. POSITIVES A sustained rally to end the day at ATH. HDFC BANK decisively cleared the long-time resistance of 1530-35. Even though HDFC, INFOSYS, and TCS ended in the red, they could not have any significant impact on the Nifty. BANK NIFTY helped Nifty as it soared 700+ points from the intraday low of 35070. NEGATIVES 16650 is likely to be a hard line to cross as the index immediately fell as it was close to that area. Similarly, for BANK NIFTY 35800 appears to be a tough one to clear as it retraced from around that area. FIIs have sold heavily in excess of 1,500 Crores and Nifty ends on an ATH! There is something that is still bugging the FIIs. TRADING RANGE FOR 25-8-21 The Nifty baseline moves up to 16400-450. The resistances are now from 16650 onwards. BANK NIFTY support base also slides to 34800-35000 and resistance at 35800-36000-36200. INSIGHT / OBSERVATIONS As mentioned yesterday, TATAMOTORS has been witnessing intensive selling pressure for the last few days and today it breached its 200 DMA around 278 and made a low just above 268. It then made a smart recovery to close just above the 200 DMA but clearly, there was something at play and hopefully, it is now out of the way. MARUTI also came under pressure but it derived support from the earlier swing low which became the FIB level around 6745-50. However, it keeps getting sold into around 6825-50 and it barely managed to close above 6800. Another observation re MARUTI is its 6800 Aug CE. This call was witnessing wild swings and moved all over and quickly - sometimes, it rose well ahead of the spot moving up and then getting sold in to and going flat even when the spot moved up. There was something at play that was not visible on the charts. What do you feel? Thank you, and Happy Money Making! Umesh 24-8-21 P.S. If you choose to comment on the above, please do so with your analytical view rather than merely passing a comment. Your presentation of the view held by you would help other readers as well. 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.
NSE:NIFTY
by AVENUESOFINVESTMENT