Buy on Dips / CMP is 304 The breakout is clear and the uptrend since 7th Jan 21 continues. I say buy on dips because this sudden and sharp uptrend might lead to a correction upto 250 levels. The risk level is high but so is the reward. Checking the daily charts (resistance not available on hourly charts), the first resistance is at 360 levels followed by 410...
RR is not favorable, only for aggresive traders. Sell if sustains below 240 for the target of 228, 216, and 205 until 254 is saved on the upside. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
Note: This is for educational purpose only. There seems to be rise in price on back of reducing volumes which indicates lack of strength. RSI above 70 kind of indicates overbought.
I hope you can now see how Tatamotors represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Thank You Disclaimer: It should not be...
DISCLAIMER: Analysis is done for you,trade at your own risk.we are not responsible for any loss. And....Please like and comment :P ------------------------------------------------------------------------------------------------------ Tata motors has been showing downtrend in previous sessions and traders are scared for the loss so there is a so much volatility in...
We have a Wave 4 which is a downward correction structure as such that Wave C is a downward Impulse and this is the last Wave that's the 5th Wave of the Flat structure; Once this last Wave is over starts the Long term Buy;
The stock is following Long move downwards. Head and shoulder pattern is formed between 8 Feb 2019 to 14 jun 2019, 82 bars. After the pattern formed there was 61 point reversal that is from 167 price slop down to 106. TATAMOTORS followed with rounded top and there was a continues fall that is stock has reversed from 202 to 63 equal to 139 point reversal. Now...