Tata Motors Limited - Breakout Setup, Move is ON...#TATAMOTORS trading above Resistance of 941
Next Resistance is at 1483
Support is at 600
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Tatamotors
TATA MOTORS - Swing Trade - 27th February #stocksTATA MOTORS (1D TF) - Swing Trade Analysis given on 27th Feb, 2024
Pattern: ASCENDING TRIANGLE
- Resistance Breakout - Done ✓
- Volume buildup at Resistance - Done ✓
- Retest & Consolidation - In Progress
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TATAMOTORS - Ichimoku Breakout📈 Stock Name - Tata Motors Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 965.
🚨 Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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Bullish Breakout in Tata MotorsA bullish flag & pole Chart Pattern Breakout on the Weekly Time frame of NSE:TATAMOTORS
Price Action supported by very good volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart
Stop loss will be on a Weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish flag & pole Chart Pattern
Technical Indicator :- Positive MACD Crossover
Disclaimer: This is for educational purpose only.
TATAMOTORS BreakoutTata Motors Limited is an automobile company engaged in manufacturing motor vehicles.
TTM EPS: 31.98
TTM PE: 19.61
P/B: 0.73
Mkt Cap (Rs. Cr.): 208,392
Dividend Yield: 0.32
Sector PE: 52.69
Book Value Per Share: 863.26
Some Positives:
Strong Momentum: Price above short, medium and long term moving averages
Strong Annual EPS Growth
Good quarterly growth in the recent results
Efficient in managing Assets to generate Profits - ROA improving since last 2 year
Growth in Quarterly Net Profit with increasing Profit Margin (YoY)
Annual Net Profits improving for last 2 years
FII / FPI or Institutions increasing their shareholding
Recent Results : Growth in Operating Profit with increase in operating margins (YoY)
Some Negatives:
Companies with High Debt
MFs decreased their shareholding last quarter
The decline in Net Profit with falling Profit Margin (QoQ)
Declining Net Cash Flow: Companies not able to generate net cash
My Opinion: Tata motors can see an upside move. Invested for the long term.
NOT A RECOMMENDATION. JUST FOR EDUCATION PURPOSE. Thanks
TATA MOTOR Swing TradeNow this stock is performing side base. Already this stock is performing strong bullish . Now here is the time to create new position .
Here support :776.20
Resistance: 800
When every price goes to support area you can add your position. In case price break the support then we will follow 200 Moving Average. Until below 200 moving average it's bullish.
It's a very good stock.
Tata Motor book 4% Jump in December total sales.
Tata Motor zoom to fresh lifetime high on 5% rise in December sales.
Nice weekly long setup in ICILA bullish flag & pole Chart Pattern Breakout on the Weekly Time frame of NSE:ICIL
Price Action supported by very good volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart
Stop loss will be on a Weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish flag & pole Chart Pattern
Technical Indicator :- Positive MACD Crossover
Disclaimer: This is for educational purpose only.
Bullish Breakout in Gokaldas exportsA bullish flag & pole Chart Pattern Breakout on the Weekly Time frame of NSE:GOKEX
Price Action supported by very good volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart
Stop loss will be on a Weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish flag & pole Chart Pattern
Technical Indicator :- Positive MACD Crossover
Disclaimer: This is for educational purpose only.
TATAMOTORS Long for Medium TermThe stock has been in consolidation mode since July 2023 in the range of 600/- to 660/-.
It broke out of this consolidation range and closed at 671.55 today the 15th Nov 2023 with a daily volume of 11.32 mil shares against the average daily volume of 9.03mil shares.
The stock has been consolidating above its all time high of 603.80 reached on 3rd Feb 2015, however it is still inside the daily sell zone of 666/- to 678/-
INFERENCE: The stock shows strength in the current state and one can go long after a close above 678/-.
Medium Term Target: We are looking at a medium term (4 to 6 months) target of 860/-. This is about 26% on 678/-.
Positional_ Tata MotorsTata Motors looks good for a positional/swing trade.
Buying above Rs 346.90, SL Rs 339.30, Target to be updated soon.
Disclaimer: The views expressed in this article is of my own. You're solely responsible for any decision taken in the markets, resulting in financial gains or losses. The analysis I've shared is for informational and educational purposes only.