Tatamotors
MOTHERSONS Breakout Trade Long Setup NSE:MOTHERSUMI
Buy Around 235-240
Target 270, 285, 300++
Stop loss below 224 on Daily Closing Basis
Mothersumi has retraced 50% from the top and reclaim all its gain.
Has formed cup without handle
Given Breakout of Cup Pattern
Good risk-reward trade against 26 points Sl against 60 Points target
Price, Volume, and Momentum positive
Disclaimer -
This is our personal view and this analysis is only for educational purposes.
Please consult your advisor before investing or trading.
You are solely responsible for any decisions you take on basis of our research.
#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.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
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.