Note: This is for educational purpose only. Please do not trade in F&O based on this.
There seems to be an Inverse Head & Shoulders breakout with volume. RSI above 65 indicates bullish momentum. Moreover, relative strength of this stock is above Nifty.
1) On Daily Time Frame: It faces resistance from 100DMA but closed above 308 level and also took support from 306 level.
If now 305 and 308 levels will work as support and if it maintains above this levels then it will again show the bullish jumP on breakout of 312 level.
Please refer below chart : Daily time frame. ...
only for educational purpose ,,
Tata Motors Limited is an Indian multinational automotive manufacturing company, headquartered in Mumbai, Maharashtra which is part of Tata Group. The company produces passenger cars, trucks, vans, coaches, buses, luxury cars, sports cars, construction equipment and military vehicles.
1) On Daily time frame it has taken reversal and support from 200DMA. And today it closed above 21DMA as well as 295 level.
Please refer below chart : Daily time frame.
Trade Setup for Date 02-09-2021:
1) Don't Jump in to trade at the beginning...
Simple Trade Setup
It is remaining in the range between 305 - 290.
Today, 11-08-2021, it recovered well in 2nd half session.
Hope Chart and levels mentioned are easy to understand.
Safe buy trade will be only above breakout of 300 level. Safe short will be below 295 level.
If it opens gap up between 295-300 then either side of breakout...
Today, it has broken the trenline with gap up and sustain above it.
And it is moving good in range for intraday easy trade on either side.
All the levels are marked with line on the charts.
Judge the price action and take trade from any level on either side (sell or buy).
From my point of view it looks bullish now.
Do comment if you have...
TATA MOTORS is currently in Stealth Mode
Major Collapse has Happened at May 19.
The Result of Major Collapse had Showcased the Power Today(May 20)
Institutional Investors or Brokers Entered the Market Again (May 19).
The Results of these players entering had caused a Sleek Edged Bearish Candle.
The Bearish Candle Today had opened to the nearest...
Tata motors have broken its Triangle pattern and started moving upwards. It shows decent increase in volume that may take the prices higher to 350 & 380 levels. At 350, it will face some resistance. We can continue the long position , if it breaks 356.
Please share your valuable feedback.
Disclaimer: Kindly do your own analysis or consult your advisor before...
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;
Tata motors are very close to the supply zones, I am expecting the two way track method of travelling with the price action. Either it will break the long term trend line, for me it is difficult to do because need one more better results to break the trend , but if it do so then it will take rest on the trend line for a while before it take off....