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Tatamotors

Flag PatternIn the context of technical analysis, a flag is a price pattern that, in a shorter time frame, moves counter to the prevailing price trend observed in a longer time frame on a price chart. It is named because of the way it reminds the viewer of a flag on a flagpole. The flag pattern is used to identify the possible continuation of a previous trend from a point at which price has drifted against that same trend. Should the trend resume, the price increase could be rapid, making the timing of a trade advantageous by noticing the flag pattern. Script = Tata Motors Time Frame = 1 Day
NSE:TATAMOTORSLong
by Jainshashwat
Eicher Motors 🚚 Swing TradeEicher Motors has experienced a downward trend over the past few days, but has recently shown signs of support with a strong bullish candle. As a professional trader, we can consider taking a swing trade by going long on the open of the next candle. To mitigate potential losses, we will set a stop loss below the support zone with a reasonable buffer. This will help us exit the trade if the market moves against us. In terms of our target, we will aim for the next resistance zone as marked on the chart. By doing so, we can potentially profit from the uptrend that we anticipate. As with any trade, it's important to exercise caution and make informed decisions. We must always be prepared for unexpected market movements and adjust our strategy accordingly. Thank you for considering this trade idea. If you found this analysis helpful, please like and follow me for more insights in the future.
NSE:EICHERMOTLong
by vt_trader
5
Long on TATA MOTORS for Long TermThe stocks has risen by almost 9% in last 5 trading days. Also, stock touched an intraday high of 439.30. The price moved above 200 day EMA on 3rd Apr 2023 which indicates trend reversal. Now it is trading above 21D EMA, 50 D EMA and 200 D EMA, which indicates optimism. Last two day's delivery volume of 41 lakhs was higher than weekly and monthly average delivery volumes of 33L and 30 L respectively , indicating rising investor participation. To avoid false breakout, traders are advised to buy the stock only @425 or above. Fundamentals: Domestic passenger vehicle sales grew45% YoY and exports jumped 36% YoY. Whereas CV sales grew 22% YoY
NSE:TATAMOTORSLong
by finvestar
Tata motors case studyTata motors spot cmp 590 weekly time frame Wolf wave study Bearish wolf wave formation Counter is in overbouht zone as per structure, trading above the resistance line. Previous life time high levels at 600, Bearish divergence on RSI, with respect to price. counter is facing price rejection around 600 levels, which act as resistance as per previous life high levels. Bullish only above 610 on weekly closing basis, Till counter is below this levels , possibility of 50-70 point down side is higher. Further view can be taken once counter gives weekly close below 535 levels. Bulls time to cautious, bears at door step.
NSE:TATAMOTORS
by RUDRA007
3
TATAMOTORSTATAMOTORS:-The stock was following a parallel channel in May, first it gave a below breakdown, trapped the sellers and gave an upside breakout, if the price sustains above 513, we may see upside momentum. Keep an eye on the stock. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:TATAMOTORSLong
by AjayDhakad_Keep_it_simple