We do have channel break already in Tata Motors so with bearish moves in past sessions, I guess we will reach our targets.
By Looking at the activity while Gap filling, it seems large Institutions are accumulating and are in control to push the limits of TATAMOTORS . Target 1 can be achieved the during the next session and the Target 2 Can be achieved the 2nd Day. Index Direction May influence the Direction of the trade, So Place the trade Looking at the overall market conditions!
Tata Motors has a strong support around 442 in both weekly and monthly charts. Any dips can be bought with a weekly closing basis SL of 442, for a target of 510-519. Daily close above 469-470 will confirm the uptrend.
Main support at 458 and the target is likely 483.
On 5th May TATAMOTORS broke previous support level of 430 with strong bearish candle. Next support level is @ 403. Will it break that level as well? Only time will tell. Opening hour on 8th May will be crucial.
Tata Motors i at long term crucial support of 440/- a close below this will weaken the stock. Refrain from buying
short tata motors based on elliott wave 15 minute chart , target 435 this is based on the idea that it has formed an irregular correction @ bottom
Stock price is Trading at long term support of 200 WMA placed around 430. Stochastic and RSI are Plotted around the oversold zone on the weekly charts Weekly ADX indicator has turned bullish One can buy the stock between CMP and 430, for a target of 520, and place stop loss at 420 on closing basis.
Shorting based on elliott wave stop loss is 458 target is 430 now trading @ 450.5
weekly chart of tata motors
Elliott wave weekly chart of tata motors
TATA MOTORS is at support level. Traders should take advantage if bounce occurs followed by white soldier.
Tatamotors showing bearish down flag with target around 380 Only for study
Sellers (Bears) have been really struggling harder for pushing the prices down since many days but couldn't move down. Sellers are getting exhausted and look for long positions. Buyers may target 550 level. BUY @ 468 TAKE PROFIT = 550 STOP LOSS = 430
Tatamotors on the verge of break out . Appreciate ur comments..
Very new to Technical analysis. Seems like TAMO is forming an ascending triangle with Fib 0.382. Inviting expert comments
Close of 475 Needed for ST trend continuation
for educational purpose only - tatamotors after a downtrend a pullback rally just finised near 480 fib level = 0.382. so short 476 sl is 482 tgt 465-462