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.
Tatamotors
🚗🚒🚚🚛TATA Motors LTDNSE:TATAMOTORS
heading towards harmonic PRZ.
if you have idea about reversal trading then trade on reversal from that PRZ level for long.
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******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.
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
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👑 Terms used if you don't know :
✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa until one of them wins
✣ Structure and trend: Two types of trends that exist in the market today are uptrends and downtrends. Each type of trend tells a different story and has its own impact on a trader's success in the market. While uptrends show a series of higher highs and higher lows, downtrends show lower highs and lower lows
✣Breakout: Breakouts are commonly associated with ranges or other chart patterns, including triangles( HERE WE WILL SEE THIS ONE ), flags, wedges , and head-and-shoulders. These patterns are formed when the price moves in a specific way which results in well-defined support and/or resistance levels. Traders then watch these levels for breakouts
✣ RSI DIVERGENCE: A bullish divergence occurs when the RSI creates an oversold reading followed by a higher low that matches correspondingly lower lows in the price. This indicates rising bullish momentum, and a break above oversold territory could be used to trigger a new long position.
✣ Supply/ Demand: In the supply zone , the prices are higher than the bid price, and in the demand zone , they are lower. The bid price is what a trader is willing to pay for a stock
👑 Important levels - explained well
👑 Comment your thoughts and queries regarding anything on this analysis of mine, feel free buddy :)
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions and lose it all
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✣Believe in yourself :)
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➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
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TATA MOTORS ANALYSISChart is self-explanatory (OPEN THE CHART FOR DETAILED VIEW)
Take position according to your analysis
Long position can be taken after the breakout from the consolidation zone with half quantity book at 338 (mid way supply zone) and full book at 360-370 (major supply zone and trendline)
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Tata Motors Positional Trade levelsNSE:TATAMOTORS
For Safe trader , TATAMOTORS looks bullish above 318 levels.
Once it break 318 and starts to trade above it, go long in TATAMOTORS with positional trade. Targets are marked with RED LINES on chart.
Prefer to short below 305 level. But can't see any opportunity in coming days to short TATAMOTORS.
Comment your suggestion or doubts.
All the best for trading in next week. Have a good weekend.
TATA MOTORS | Good levels to enter | 45% upside | Volume supportCMP- 311
SL- 278 (closing basis)
Target - 430-450
16/7/21
- Recent fall gave good entry in the stock
- 280-300 is good support zone which is formed with committed VOL
- Any drop of price to lower trendline is very good buying opportunity (unless things don't change fundamentally)
- Stock is taking support from 100EMA in D and 20EMA in W.
- Latest VOL surge was at 300 level which is also a psychological level, can act as good support
- Larger view SL would be the lower trendline break with some catalyst
Any intraday penetration towards 280-300 level is good accumulation zone
TATAMOTORS: A Bearish Trend"
TECHNICAL ANALYSIS OF NSE:TATAMOTORS
The LAST CLOSE PRICE of NSE:TATAMOTORS is 335.05 . The PARABOLIC SAR is showing the DOWNWARD SIGNAL with TREND as DOWN TREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.382 at the FIBONACCI STOCK PRICE LEVEL of 338.6. From here, the Key Support and Resistance levels are SUPPORT 1 at 250.07, SUPPORT 2 at 347.85 with RESISTANCE 1 and RESISTANCE 2 at 327.15 and 318.25 respectively. The Key 50% FIBONACCI LEVEL stands at 333.43 which is the crucial Fibonacci Level determining whether the scrip will maintain the trend or not.
The STOC RSI has the values K and D as 5.22 and 4.37 respectively. At this level it the status is OVER SOLD. When we look at the Moving Averages, MACD is the crucial indicator to look into. With MACD VALUE at 4.99 and 22.23 at 7.18 along with HISTOGRAM showing values of -2.19, the STATUS is clearly DOWNWARDS.
The best indicator to determine the Trend Reversal is FISHER TRANSFORM and currently the values of FISHER and TRIGGER stand at -0.82 and -0.75 with UPTREND as DOWNTREND. A very important factor while making the investment is to see if there has been already too much of Buying or Selling, and that are we entering too late into the transaction or not. Thus, with WILLIAM's R% value at -0.647 the STATUS is WITHIN OVER BOUGHT AND OVER SOLD RANGE.
No one wants to buy costly things, and thus always look for the bargain or appropriate price levels to buy things. Same applies to Stocks, however the only exception would be some Hot Stocks that one wants to have any price. Looking at this perspective, the P/E RATIO of the stock stands at -9.3 which signifies its Price Level to be VERY CHEAP.
>>> RECOMMENDATION is : SELL ."
Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
Tata Motors : The discount motor stockTata Motors just formed an indecision doji at 301 and it is usually an indication of bullish reversal. Wednesday had seen a pin bar formation but it did not translate into a bullish reversal. Given this scenario there is a 50-50 chance of this reversal happening. Whatever the situation may be, it is a very good chance to accumulate the stock at CMP for long term. Avoid Tata motors for now if you are thinking for short term as the price movement has become a bit unpredictable. If you ask for next buying zone, that would be around 290.
Message me or comment for faster updates. I am not a financial advisor and this is for educational purposes only.
Tata Motors Buy for Long term at 285-290Tata Motors
Great opportunity for Long term investor as Tata Motors is available at 20% discount from its 52 week high.
Don't miss this opportunity if you are aggressive long term investor.
As this stock has potential to go high.
NOTE:
I am not SEBI registered.
Views expressed here are only for educational purpose and personal.
I am not responsible for your Profit and Loss.
Consult your financial advisor before investing or trading.
Thanks!!!