Tata Motors (Tatamotors) : Driving in to the future...Last week, Tata Motors violated the 20 day EMA. Today, after breaching the 50 day EMA, the stock price rebounded and closed the day above it.
As per the chart structure, 451 at 50 day EMA and 434 at Fibonacci level can act as a good support and rebound zone.
Support at around 100 day EMA and Fibonacci retracement level around 402 if it breaks 434 level.
Aggressive investors can initiate position around the 50 day EMA on rebound or else wait for the stock price to break out above 537.
I am bullish on Tata Motors on a longer time zone and am have positions and hence my views could be biased. Please do your own research as this is just an analysis and not an advisory for buy and sell.
Tatamotorsanalysis
Simple Trade Setup | TATAMOTOR |24-11-2021 [ INTRADAY]NSE:TATAMOTORS
Observations:
1) On 1day time frame, yesterday it closed below 21DMA and today it faces resistance from 21DMA.
21DMA is now immediate resistance zone.
21DMA is placed at 498.50 level.
So level range 498-500 will work as resistance.
Please refer below chart : 1 day Time Frame.
IF it failed to sustain above this then we can see a down move.
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Most of the levels and trade setup remains same.
Trade Setup for Date: 24-11-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
TataMotors Long Check Bull vs Bear power - (chart)
Since green candle on 13th oct , there have been total of 15 trading sessions but no candle is able to wipe gains.
This shows there is very less supply related to stock
Target - Till Daily RSI violates support of 60 (Will ride with trend)
Stoploss - Daily RSI breaks support of 60 or bottom of 13th october candle(approx -5%)
Simple Trade Setup | TATAMOTORS | 15-11-2021 [ INTRADAY]NSE:TATAMOTORS
Most of the trade levels and setup remains same.
Trade Setup for Date: 15-11-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | TATAMOTORS | 12-11-2021 [ INTRADAY]NSE:TATAMOTORS
Trade Setup for Date 12-11-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | TATAMOTORS | 09-11-2021 [ INTRADAY]NSE:TATAMOTORS
Observations:
1) On daily time frame, we can see it took support from 10DMA and sustain above it.
10DMA is placed at 490.08 level.
Please refer below chart : 1 day Time Frame.
2) On 1hr time frame, we can see that it gave breakout of the trandeline and managed to get support from the base of 470-480 level range. If this breakout sustain then we can see upward move again.
Please refer below chart : 1hr Time Frame.
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Trade Setup for Date 09-11-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | TATAMOTORS | 03-11-2021 [ INTRADAY]NSE:TATAMOTORS
All the levels and trade setup remains same as per previous trade setup.
Trade Setup for Date 03-11-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup|TATAMOTORS|02-11-2021[INTRADAY & POSITIONAL]NSE:TATAMOTORS
Observations:
1) On daily time frame, we can see it has been trading between 10DMA and 21 DMA since last 3 days.
10DMA is immediate resistance which is placed at 490.46 level range.
21DMA is placed at 446.24, which will work as majort support level.
Also last two candles are having very small body. And longer lower wick.
Please refer below chart : 1day Time Frame.
2) On 1 hr time frame, we can see that it is making almost flat lows and trading in decending triangle pattern.
Immediate Major support range is 470-480 level. Breakdown of this 470-480 level range will give bearish move.
Immediate major resistance is at 505 level.
Sustainable breakout of 505 level will make it again bullish.
Please refer below chart : 1hr Time Frame.
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For Positional Trade
Sustainable breakout of 505 level will be safe good entry point for short-mid term buy/long trade.
With SL of 495 and Target of 542-555-560.
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Trade Setup for Date 02-11-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Tata Motors Buy or Sell ? (Intraday)Tata Motors is currently taking support from a trend line, it could now take support and go bullish or break the trendline and give a bearish momentum , both of these scenarios are possible. We have to plan our trade according to the movement of the price and looking at the price action. If it goes sideways we have to wait for a proper entry.
Simple Trade Setup | TATAMOTORS | 25-10-2021 [INTRADAY]NSE:TATAMOTORS
Observations:
1) On 15min time, we can see symetrical triangle pattern. And it closed near to the support line of the triangle pattern. If it breaksdown the support (bottom) line then it will be bearish. But if it takes the support and then breakout resistance (upper) line then it will be bullish.
Please refer below chart : 1day Time Frame.
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All the levels and most of the trade setup still remains the same as per previous.
Trade Setup for Date 25-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Levels for - 25 Oct 2021EXPLANATION : This is a 2 hour time frame chart of TATAMOTORS . The stock has been in a consolidate for days and has formed symmetrical triangle pattern . If give a strong breakdown and broke its trendline with volumes and has retested the same , I am bearish on this stock . If give a strong breakout and broke its trendline with volumes and has retested the same. I am bullish on this stock . Enter as per your setup .
A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend , while a breakout from the upper trendline indicates the start of a new bullish trend .
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Simple Trade Setup | TATAMOTORS | 22-10-2021 [ INTRADAY]NSE:TATAMOTORS
Observations:
1) On daily time, it made kind of a rising star pattern.
Only negative thing is that it is still far from short term DMA which is 10DMA. Also the gap is still open.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date 22-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | TATAMOTORS | 21-10-2021 [ INTRADAY]NSE:TATAMOTORS
Be very cautious if you are taking trade in TATAMOTORS.
I recommend that better to take trade only for safe side level and save your capital.
Trade Setup for Date 21-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | TATAMOTORS | 18-10-2021 [INTRADAY]NSE:TATAMOTORS
Trade Setup for Date 18-10-2021:
Most of the levels will remains the same as per previous setup.
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | TATAMOTORS | 11-10-2021[ INTRADAY]NSE:TATAMOTORS
Trade Setup for Date 11-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
Simple Trade Setup | TATAMOTORS | 08-10-2021 [INTRADAY]NSE:TATAMOTORS
Observations:
1) On 1 day time frame, we can see that it gave strong breakout of 360 level today, 07-10-2021.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date 08-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
Simple Trade Setup | TATAMOTORS | 05-10-2021 [INTRADAY]NSE:TATAMOTORS
Trade Setup for Date 05-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
Simple Trade Setup | TATAMOTORS | 04-10-2021 [Intraday]NSE:TATAMOTORS
Observations:
1) On 15min time frame, we can see that on Friday,01-10-2021, it just closed above the upper trendline of parallel channel.
If it gets support from this upper trendline then it will be bullish but if it breakdown then it will be bearish and in worst case it can go till the middle trendline of parallel channel.
Please refer below chart : 15 Time Frame.
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Trade Setup for Date 04-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
Simple Trade Setup | TATAMOTORS | 01-10-2021[ INTRADAY] NSE:TATAMOTORS
Trade Setup for Date 01-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.