Tatamotors
#TATA MOTORS #Tata motors (CMP-403)
SETUP:-
1 . Tata motor forming a descending triangle pattern
2 . There are multiple trendline resistance from upside
3 . In weekly TF crossover between 20 EMA and 50 EMA
4 . If it break 370 level then it may fall📉
5 . If stock possible to sustain above 445 level then it may go upside 📈
Tata Motors Multi-Time frame analysisToday, we are going to discuss Tata Motors. I am seeing the huge potential for this stock. This could give more than 100% growth initially in the next bull run.
Multi-Time Frame analysis:--
(MONTHLY)
-trading in range
-every time it comes to the channel bottom boundary, buyers come in & every time it touches the channel upper boundary the sellers come in.
-this trend started in 2001 & got stuck in this by this day also.
-trend on the monthly time frame is still UP & currently, we are consolidating somewhere in between this up trend.
(WEEKLY & DAILY)
-now on weekly TF, if we draw a trend line (TL) connecting the lower high (LH) starting from February 2015, we have got our set up!!
-considering the up move started in 2020 we have also seen a good volume on uptrend and in consolidation, we have also seen below-average volume, which indicates a healthy up move in progress.
(ELLIOTT WAVE ANALYSIS)
-it looks like currently we are in wave 4 of an impulse, where wave 4 is still in construction.
-wave 1 has been completed @ approx 155, wave 2 got completed @ 122 level, and wave 3 was closed in extended mode @ 526 level.
-wave 4 is still in construction, and could close somewhere at 38% - 50% levels.
(WHEN TO BUY ?)
We will try to find a buying opportunity whenever this stock gives TL breakout with a good or more than an average volume.
Tata steel — more downside than upsideMorgan Stanley published target of 95 Spot price for Tata steel earlier today.
Looking at poor state of Nifty (under 18000), and sharp increase in Tata steel price, we see more downside than there is upside, in Tata steel.
Also, Tata steel has rallied from 85 to 115+ already. Increase in iron ore price means REDUCED margins for Tata steel, not increase in their margins or price.
Tata steel can be sold into, if you see price rise; given that nifty is under 18000.
Rising Interest Rates - Problem for high debts companies. Tata Motors clear Head & Shoulder break down as we saw in Tesla so target for TELCO is around 300 levels & in Elliott Wave counts we are in Wave 1 of (C) which could take us till 365 levels before bouncing in Wave 2 of (C) which might result is retest of Neckline around 400 Levels.
Tata Motors Short Term TargetsThe FASP for Tata Motors is listed for 04-1-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: Up to 6 Months
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
Tata Motors – Predicted Intraday High Low Range for todayTata Motors – Predicted Intraday High Low Level for today.
Today Tata Motors will trade in between the marked zones. Look to BUY at Green zone and SELL at Red zone.. Any breakout either side we can expect strong move towards the breakout side.
Along with these levels we should also confirm our entry with Price action.
TATA motors - BREAKDOWNThe descending channel pattern is a bearish chart formation. It develops within pronounced downtrends in asset pricing.
traders view descending channels as evidence of weakened strength in the counter currency. Accordingly, it is frequently used to sell a currency pair and join the prevailing market downtrend.
First, let’s study the case of the descending triangle reversal. Typically, the descending triangle is more powerful when traded in the context of a trend. It’s also more powerful when traded in the direction of the prevailing trend.
However, the descending triangle reversal pattern can potentially reward you with bigger profits if traded in the right context. We only trade the descending triangle reversal pattern when this price formation develops at the end of a bullish trend, and in the context of an uptrend.
The reversal chart pattern emerges as the buying activity declines and the market fails to make fresh new highs. This shows that the supply-demand imbalance is shifting in favor of the sellers as buyers get exhausted.
In this case, we’re going to be looking for the flat bottom to get conquered by the bears. The potential support breakout can signal a powerful trend reversal.
TATA Motors For Long term Invetment
If you are Bullish about the auto industry or wanted to Invest in an Indian Motor Company and pick up TATA Motors for the long-term Investment you are taking the right decision.
In this analysis, we are going to talk about Technical Analysis
As we have seen during the pandemic period the price of the share fell from RS 200 to RS62 after that we have seen a good rally.
So If You are positive about this share and want to purchase for a long-term investment, this is not the right time to purchase, if you are interested in swing trading that’s a different case, for that we have to look at the daily chart.
I have put the Anchor Volume-weighted average price line in the chart and made different zone for various analysis purposes after analyzing the support and resistance .
If you are a Future Trader, You can short the Share at the danger zone. Wait for the right opportunity and enter into the trade.
If you are an investor then let the price come near the gray zone or the Rs 259. Wait for the opportunity and enter into the trade with a stop loss.
TATA MOTORS - DAY CHART - 12.12.2022 - BAHAVAN CAPITALTATA MOTORS as per Day Chart Analysis have chances to move uptrend Stock ABOVE 418 TARGET 423.
As such Nifty is in Downtrend Mode up to 18325 to create fresh demand and Bank Nifty is in Uptrend Mode.
So trade carefully for this week.
Happy Profitable Trading to All.
TATA MOTORS - DAY CHART - 12.12.2022 - BAHAVAN CAPITALTATA MOTORS as per Day Chart Analysis have chances to move uptrend Stock ABOVE 418 TARGET 423.
As such Nifty is in Downtrend Mode up to 18325 to create fresh demand and Bank Nifty is in Uptrend Mode.
So trade carefully for this week.
Happy Profitable Trading to All.
Tata Motors – Predicted Intraday High Low Range for todayTata Motors – Predicted Intraday High Low Level for today.
Today Tata Motors will trade in between the marked zones. Look to BUY at Green zone and SELL at Red zone.. Any breakout either side we can expect strong move towards the breakout side.
Along with these levels we should also confirm our entry with Price action.