Tatamotors
TATAMOTORS CHART BULLISH ON DAILY TIMEFRAME TARGET OF 350TATAMOTORS CHART SHOWING BULLISH PATTERN ON DAILY TIME FRAME BREAKOUT ON UPPER SIDE WILL GIVE YOU SHORT TERM TARGETS OF 350 AND LONG TERM TARGETS OF 400. IF GIVES BREAKDOWN NOT INTRESTED TO SHORT.BUYING ON RETRACE IS PREFERED AS YOU CAN HOLD WITH SMALL SL. GOOD BUY IF CLOSES DAILY CANDEL ABOVE 310. PLEASE LET ME KNOW THE ANALYSIS IN COMMENT BOX AND FOLLOW ME FOR MORE SUCH BREAKOUT PATTERNS.
Tata Motors continues to look bearishTata Motors continues to look bearish and should get even more bearish going forward. Tata Motors price action has touched the upper channel and started retreating and appears to have just completed its fifth leg in a triangle. The prices should decline briskly in coming days. I would expect the prices should drop as low to Rs.263 in coming weeks and find a bottom somewhere in that region before resuming course in the next phase of an upward run. Now is a good opportunity to go short.
The current price level is Rs.301....should the price go up and cross 306, the trade becomes invalid and one should exit with minimal loss. The risk-reward set up looks attractive now.
TATA MOTORS INTRADAYTata Motors is trading in a very narrow range and we expect a breakout soon on 15 mins chart.
A short position below 302 for a small target of 298 from where it is expected to rebound.
If we see a bullish breakout then we can buy for a target of 315 followed by 323.
Ultimately the momentum is still bullish and just we need to wait for a right entry level.
All the cases have been market on the chart.
Tata Motor have two possibilities Tata Motor have two possibilities from the current market price
Daily Chart Pattern
Nice Risk to reward ration Setup Prepare
Stop loss should be below 285 daily close basis
I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only. Never invest more then 2 % Capital In Single trade. Trade on your own Risk and analysis
TATA MOTORS INTRADAYTata Motors is trading in a very narrow range and we expect the stock to breakout from the range. A strong upside momentum is expected above 300. The position for tata motors will be bullish above 300 for an immediate target of 308 followed by 314. A level of 292 looks like a strong support and stoploss should be kept below this level.