Tatamotors
Tatamotors forms a bullish pennantTatamotors is forming a bullish pennant with last minute buy with three pyramid volume candles and MACD signals buy in intraday and positional. The stock had taken good support on 50 ema throughout the after noon session and closed above the 50ema. Current position is right below the VWAP which shows potential upper break out and hitting of 344-352 levels tomorrow. The stock will not face remarkable booking unless it touches 365-372 levels. But be cautious at 345-355 range.
TATA MOTORS CAN RETEST AT ITS PREVIOUS LEVELSAs in the 45M time frame, we found signs of the possible short term downtrend to its previous levels of resistance.
Key levels where the price can re-enter are 306 followed by 290.
IF there will any bearish momentum in the market tomorrow then we can expect that tata motors will retest these levels in 2-3 days.
First level- 306
Second level- 290
Both on the short side (85% probability)
NOTE
IF bullish momentum continues then the possibility is too high that it can go to its all-time high.
IF there is bullish momentum continues in nifty for the next 2-3 days then we can see some delay in the restating phase.
Happy Trading. :-)
Note - This idea is only for educational purposes and the application of the idea provided here in your own trading is dependent on you and any loss caused by that is totally your responsibility. The author is not liable for any loss/damages that happened to any party.
Bird's-eye view on TATA Motors 🚀In recent years TATA Motors has given a negative return and it is one of the most underperforming stock in the NIFTY.
But after having a long time frame view and recent parallel channel breakout with an immense amount of volume (in Billions) that has never seen before, the stock seems too promising.
So, there is a very good buying opportunity in long and as well as F/O trading perspective.
Major/Longtime resistance - 300
Buying level - current levels or 300+
Targets - 330, 330+
This analysis is done only for educational & intelligence purposes, invest or trade at your own risk.
TATA Motors: Has been in the 5th gear... Roadblock ahead at 280Tata Motors
CMP 270
The stock has seen a stupendous rally....
we observe two gaps in the region around 280...once while going up and the 2nd while coming down....
Going forward, 282-288 zone could be a crucial resistance level to watch out for...
Given the set up one may Consider
selling Feb expiry 310 Call option around 10
& buy 330 Call Option around 6
Lot size 5700
As the lot size is quite large, the strategy would reduce the cost drastically and give decent return potential...
Max profit potential Rs 22800/- per strategy lot
In built loss protection for a rise in price up to 314 on 25 Feb 2021
Take care & safe trading...!!!
Disclaimer:
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
TatamotorsBuy on Dips / CMP is 304
The breakout is clear and the uptrend since 7th Jan 21 continues.
I say buy on dips because this sudden and sharp uptrend might lead to a correction upto 250 levels.
The risk level is high but so is the reward. Checking the daily charts (resistance not available on hourly charts), the first resistance is at 360 levels followed by 410 levels.
Tata motors has been in a downtrend since Sept 16 and didn't show a reversal until April 20 but the prices have been crawling upwards since then.
Trading strategy says that we should follow the trend and what's better than a Tata script?
Tata Motors - Pull back for Long duration Long EntryReading Weekly Chart doesn't show many points in recent history to derive levels.
While multi year resistance , 200, was taken out two weeks back, the volume was historic high.
Price went from 200 to 300 in just 2 weeks, and third week saw retracement of 30-35%.
If retracement become deep till 50%, then it coincide with 3 year old history of 2018 weekly resistance near 248.
Prices may get tight at this level for weekly closing.
On upper side, there may be lot of supply in 280-285 band from the FOMO entry trapped there during 2nd week of the break out.
Fundamental side, the quarterly result announced after market hours of recent candle, will how it's impact on coming candle.
December-2020 Result has improvement in EBIDTA by 208% YoY , PAT by 67% YoY
This positivity in results may have positive bias on stock price during week.
nifty auto 🏍🛵🚗🚓🚕🛺🚙🚌🚐🚑🚒🚍NSE:CNXAUTO
if know such skill then you can get perfect sector at right time to invest in and same way if you know such skill that will help you to disinvestment in same sector at right time , as right time entry is most important in such stocks( sectors) same way right time exit or partial booking profit also must required. keep earning keep learning.
Learn . Apply . Grow (if one can find breakouts can hold for some more time with trailing basis stop loss)
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
Chart of the Week (23/01/2021)Tata Motors DVR looks set for gains if it closes above Rs.115 with targets of Rs.185 and Rs.208 in sight. The positional call on this one will become active only above Rs.115 and the targets might come in a few months to a year.