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Tatamotors

TATA MOTORS || SIMPLE INTRADAY TRADE SETUP FOR 30-07-2021NSE:TATAMOTORS Today, it has broken the trenline with gap up and sustain above it. And it is moving good in range for intraday easy trade on either side. All the levels are marked with line on the charts. Judge the price action and take trade from any level on either side (sell or buy). From my point of view it looks bullish now. Do comment if you have any doubt or suggestion. I will try to respond ASAP. Also do comment if my ideas are helping you to understand the trade setup, price levels and getting the trade in real market.
NSE:TATAMOTORSLong
by Trading_hawk
6
TATAMOTORS || Simple Intraday Trade Setup for 29-07-2021NSE:TATAMOTORS TATAMOTORS levels are following FIBONACCI level. All these levels will work as entry, target, support and resistance on either side. Red Down mark arrow suggest entry for Sell side and Green up mark arrow suggest entry for buy side trade. For Example, if it breaks down 284 level then it will be a sell trade and target will be blue line marked below on the chart. And if takes support from 284 then there will be buy trade and target will be blue line marked above it on chart. And further if it breaks 286 then this will be again entry point for buy trade. I am giving small targets considering current situation in TATAMOTORS and also for quick trade and profit booking.
NSE:TATAMOTORSLong
by Trading_hawk
Buy Tata MotorsTata Motors Ltd (NSE Cash) LTP: 291 Support: 306 / 312 Resistance: 285 The candles resisted 306 levels for the first time in January and took support at 280 / 285 levels in the month of March. We can understand the strength of 280 / 285 levels as the chart has been taking support at these levels since months now. Something really small went wrong on 6th July 2021 which triggered a fall from the highs of 351.55 to lows of 289.50 till yesterday, the 28th of July 2021 which comes up to almost an 18% fall in 22 days. This is huge. It took the chart 6 months to gain 20% but around 22 days to lose 18% just because of a small issue which every other car manufacturer is facing. This doesn't seem right. I think this is where we should enter into long positions in Tata Motors with a Stop Loss of any level before 280. Tata Motors may re-test 350 levels quite soon.
NSE:TATAMOTORSLong
by virralthakkaar
TATA MOTORS | TRADE SETUP 28-07-2021NSE:TATAMOTORS TATAMOTORS has been forming RSI bullish divergence. It is making lower lows in price action while RSI is making higher lows. Things to remember. Since, this RSI bullish divergence is not yet confirmed so better to trade at pre-decided levels only. Tomorrow if this will be the bullish divergence then there will be a bear trap in the initial 15-20 minutes. In which the stock will go down quickly and then suddenly it will go up. At this moment better to keep an eye on RSI. If RSI makes the low and if it is higher than the previous low then there will be scenario of up trend. And only enter in buy trade at pre-decided levels. Otherwise it will give good opportunity to sell below 290 range. And if you want to trade in option then better to trade in Aug month option. Do comment if my ideas are helping you to understand trend, levels and price action. Let me know if you have any doubt or suggestion.
NSE:TATAMOTORS
by Trading_hawk
TATA MOTOR | WHAT NEXT ?NSE:TATAMOTORS TATAMOTORS has been in very much bearish trend since last few days. And in this month it has fallen nearly 13%. I am preparing this on 1hour timeframe for clear understanding. And this for positional trader. On 23-07-2021, it has broken that orange trendline and closed near 295 level. This is very critical level and 295.50 is Fibonacci level and also it is at that black trendline. If you see previously it has taken support from this trendline earlier. 1) Now in upcoming trading sessions, if it fails to take support from this level then we can see downtrend. First support/level will be 290 and if it breaks it then we can see levels till 280-281 in TATAMOTORS. 2) And if it gets support from this level then we can see change in trend for TATAMOTORS. But the good short term entry can be taken only if closes/trade above 305 level. But it it goes up and faces resistance at 305 level then don't enter and waste your time and stuck your money in it. 3) For the safe trader if looking for buy trade then it is safe to take buy/long trade above 318 for good upward movement in short term. comment below if my trading ideas are helping you to understand levels and price action. do comment if you have any doubt or suggestions. Have a good weekend.
NSE:TATAMOTORS
by Trading_hawk
TATA MOTORS: Ascending Triangle Bullish BreakoutAscending Triangle Pattern formed in TATA MOTORS. You can clearly see a Rising Lower trendline which is acting as a support line. Stock is taking its support on the line and has avoided any downside movement. Upper trendline is flat acting as resistance line. Positive Points: 1) Ascending triangle pattern which is commonly known for bullish sign. 2) CMP is Near its 52W High of 360 3) RSI is ~60 which shows bullish indication 4) ADX > 25, indicating string trend. Entry: After breakout. Aggressive buyers can take entry after breakout ( Volume is important for breakout) Defensive buyers can wait for a pull back for confirmations Target :400 Duration : short to mid term position
NSE:TATAMOTORSLong
by Yes2Profits