Tatamotors
TATAMOTORS IN 15 MIINS CHART.Tata motors is trading at a crucial level. Looking at the chart, the price of stock is trading near 200 MA. There were very few data available on 15 min but after looking at bigger picture we were able to plot two good points for shorting TATA motors.
1) On bigger time frame , 45 min or 1 hour chart , stock is trading below 200 MA, indicating bearish trend.
2) Price action pattern of Rising wedge is plotted, that implies continuation of bearish trend.
3) Crossover of EMAs
If TATAMOTORS open flat wait for the price to break the support and continue down.
If TATAMOTORS open with gap down, wait for retest of support.
If TATAMOTORS open gap up, Look for my Bullish setup on that I will be posting right next after this
TATA MOTORS SCENARIOS FOR UPCOMING SESSIONS WITH RISK-REWARDHi Friends and Fellow Trades,
TATA MOTORS NSE:TATAMOTORS TRADING SCENARIOS DETAILED EXPLAINATION WITH RISK-REWARD
Please watch through till the end.DO NOT skip any part of the video or fast forward as you may miss important discussion point on the levels and entry-exit triggers.
This is my view and is should not to be construed as BUY or SELL recommendation. Please use your discretion before taking any position in the stock markets
REMEMBER - Random ACTIONS always RESULT in Random OUTCOMES
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Sandwich Last 3 sessions candles have made a sandwich type structure. 1 st candle was bearish but with a lower wick. 2nd candle made bullish harami pattern by opening gap up but closing within bthe body of 1st. Bulls tried to push price but sellers kept hold of the resistance. 3rd candle should have been bullish in follow up of buliish harami. Price opened higher then posted new high but still within 1 st candle's range. Then price drifted lower engulfing the harami candle and closed below the low of 2nd candle but still within 1st candle's range. Seller pushed price lower by the end of day taking control from buyers. As long as high of 1st candle is holding price is expected to move lower.
Disc : it's not an investment advice to buy or sell