#ASHOKLEY CMP 128.40 #Target 157(20%+) #MARUTI #TATAMOTORS #ITC#ASHOKLEY
NSE: ASHOKLEY
CMP 128.40
Target 1: 139
Target 2: 157
SL 120
RR Ratio > 3
Time Frame < 45D
CAN HOLD ABOVE 157 for 170 target! Book part profits!
Factors:
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
Tatamotors
Update TaMo: Target Rs500Updating NSE:TATAMOTORS chart as the previously shared idea was based on a slight bearish tone for correction. But if there is high bullish sentiments in the market for Tata Motors, the correction might not go so deep.
So, medium term perspective of TaMo is Upside towards Rs500 by the end of this year.
Tata Motors : All set to breakout of bull flagTata motors have formed bull flag and have been in the range for quite some time. Today it took out resistance of 321 and if closed above it could go and test first 330 and than final resistance of 358.
For short term traders
1. Buy 320 call for june series @ 24.65 with target of rs 30 first and than rs 45 if it reaches our 358 second target
2. also one can buy in cash segment at current price with immediate target of 330 and second target of 358
Best of luck, please trade cautiously as markets are unpredictable.
TAMO- Tata Motors in excellent uptrend, likely targets 448-54826-May-21
NSE:TATAMOTORS
Stock in excellent uptrend, but faces lots of hurdles ahead
Pro's
Strong uptrend, and consolidating.
New 52w Hi, Plus Hight and tight consolidation indicates likely upmove soon
Likely Targets: 432-448, 548-564
Cons
Overall upmove likely to face multiple resistances ahead.
Consolidation ahead could be likely long drawn, choppy, yet healthy between 300 to 430 range
Below 281, likely targets 236 to 200.
Sustaining below 200 may weaken it furthur
Tata Motors crucial support and resistances!Hey folks!
I have drawn important support and resistances for Tata Motors in this chart. These levels have been tested multiple times and I feel are reliable if the market conditions remain stable.
Disclaimer: This analysis is only for educational purposes.
TATA MOTORS Analysis (May 21)TATA MOTORS is currently in Stealth Mode
Major Collapse has Happened at May 19.
The Result of Major Collapse had Showcased the Power Today(May 20)
Institutional Investors or Brokers Entered the Market Again (May 19).
The Results of these players entering had caused a Sleek Edged Bearish Candle.
The Bearish Candle Today had opened to the nearest possible up from the Past Candle.
The Volume Generated by these Big Players had stunned the market today.
Due to this Reason the Market is Expected to Be Bullish Again.(May 21)
Shorting would be Great.
Expect a Take Profit below RS:5 or RS:9 from the Day Open Price
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