Tatamotors
Price Action Hero -TATA MOTORS - GUNSGETTINGREADY - Chart#3 20211.Price Action Hero -Tata motors.
2. Respecting multi year resistances and following the horizontal trend lines beautifully.
3. Watch your self how beautifully the price action is respected . Once it broke the 153 hurdle it went all the way and came back to 153 and going to blast the shorters in a session.
4. It is going to face stiff resistance at 200 level and next levels are marked for further targets purpose.
5. This is not a buy/sell call but definitely a stock which is going to raise in case the management sticks to what it is committed.
6. Dec auto sales rose to 84% yoy -2020
7. Tata gravitas launch on Jan 26th.
8.All guns are getting ready for blaze.
#Education Only
Strong uptrend in tata motorsThe weekly charts clearly indicate there is a strong uptrend in tata motors which is likely to sustain.
The moving average has sustained above 50 for a couple of days which further indicates there is no expectations for a downtrend in near future.
Near time target would be around 204.
Tata motors | Trend line support | Breakout & Retracement 25%+🎯⭕ Positional Trading opportunity ! Daily Chart Alert !!! ⭕
--Buy above =159.10 or CMP
--Target = 199.55
--Stop-loss = 143.75
--Lot Size =5700
--R:R = 2.64
--Expected Profit = 2,28,000 ₹ per lot (25 % )
--Expected Holding = 2-3 day only
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⭕ Technical Reasons to trade or Strategy applied :- ⭕
1) Trendline support
2) Resistance breakout & retracement is done ...perfect time to buy
3) doji formation at support with high volume
4) Target is based on the nearest resistance
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TATAMOTORS SHORTI hope you can now see how Tatamotors represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
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