Tatamotors
NIFTY 1D - Abandoned BabyA bearish abandoned baby is a specialized candlestick pattern consisting of three candles, one with rising prices, a second with holding prices, and a third with falling prices. Technical analysts expect that this pattern signals at least a short-term reversal in a currently upward trending price.
Significant reduction in relative strength index
Except Reliance Industries, PSU stocks, Oil/Gas stocks, broader sector Index stocks' strength weakening.
Overhang of correction in stocks of Bank Index / Financial Services Index, may make Nifty print lower reading in spite of support from Oil & gas / Energy / Auto.
Going long on PSU, Oil & Gas, Energy, Auto with hedging of Short Nifty / Short Bank Nifty . . . .
Tata motors Fibo+EMA+Multitimeframe+Flag pattern break out? Price is nearby proper valuation of the stock as shown in the image above.
In 1 day stock is getting support by its lower trendline, Currently took support from 20Daily EMA as shown on 1st chart. Also got some demand from the Demand zone. Retested the breakout with high volume.
In 2Hrs timeframe it has completed 50% retracement and also supported by 100 ema .
The Indicator Used:
PANEL 1:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts.
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
PANEL 2:
1) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
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The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
TATA MOTORS DVR Supporting and resistance zone are mentioned on the chart. If it breaks the resistance zone and sustains it then maybe it will reach our targets.
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Note: Do your analysis before taking any decision and take responsibility for your decision.
Tata MotorsThe way Tata Motors is behaving.
Below 300:- short, up to 230.
Above 340:- long, up to 380. And another way we can do this is to sell 300 PE and 340 CE.
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