I would have loved to see tata motors to consolidate at lower levels before a successful breakout but it seems we will see small bullish move for now while nifty is looking good.
buy on the breakout from blueline and use trailing stoploss.
do hit like and share your opinion in comments.
WAVE 1 - 24 POINTS
WAVE 3 - 18 POINTS
If wave 3 is 18 points ; then wave 5 of ending diagonal has to be shorter than 18 points
Previous low of TATA MOTORS is 164.
if we deduct 18 points from the current price of 178 , then it comes to 160
Hence i conclude that anything below 164 is a must buy in Tata motors .
Even otherwise intrinsic value of tata motors is...
Tata Motors
CMP 170.65
Last year in Sept 2017 when the stock was around 415 levels, we had highlighted that charts were indicating difficult times ahead for Tata Motors
And
- at current levels and on further dips the stock looks good from long term perspective (and I mean really long.... Can be looked for objectives like retirement planning, child...
Hi All ,
Just 1-2 day duration quick trade in tata motor - just like 2 min maggi noodle.
No naked put/call buy/sell , No over leverage (Superman stuff)
Following strategy:
Buy 190 call , 1 lot @ 9.9
Sell 200 call , 1lot @ 6.1
Stop loss in trade is EOD close below 170 , Expecting 5-10 point bounce , i.e profit of 3-4 rs , Don't expect millions
Daily...
