Tata Motors Ltd - Positional TradeDate : 11-Aug-2024
LTP : Rs. 1068.10 (on 9-Aug-2024)
Next Resistances: (1) Rs. 1,179 --> (2) Rs. 1,284
SL : Rs. 950 on daily close basis
Technical View:
• NSE:TATAMOTORS is in it's primary uptrend and currently going through it's secondary uptrend.
• After breaking out from it's previous secondary uptrend on 25-Jul-2024, NSE:TATAMOTORS had touched the high of 1,179 on 30-Jul-2024.
• From it's previous high of 1,179 NSE:TATAMOTORS has retraced 14% to 1,008.40 level. NSE:TATAMOTORS has re-tested the previous secondary downtrend line and started the upward movement after taking a support at 50 DMA.
• On 9-Aug-2024, NSE:TATAMOTORS has closed above 20 DMA.
• RSI has re-entered buy zone on 9-Aug-2024 and trading at 54.16.
• MACD is trading at 14.21.
• Looking good from here onwards.
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Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
Tatamotorspriceaction
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 on Support ZoneTata Motors is trading on a Support Zone as mentioned on the chart.
There are Two Support Zones has drawn on the chart with buying levels & their targets.
SHORT TRADE will be only create when a Candle break and close Below the Support Zone 1.
there is remained less room for down movement, can reverse from Support 1 or Support 2.
All study is based on Harmonic pattern, fibo ratios and price action.
Tata Motors - Long OpportunityLong Opportunity -
Tata Motors is preparing for a big rally and it will soon have an upside movement in the market. For intraday we can go for long it crosses 435 levels then we can go for a big target of Rs. 446. It has retraced the support level of Rs. 427 but unable to break it, so this is the sign that it is preparing to show a big move, also in upcoming months, it might cross the all-time high price i.e. 606.
Tata Motor - Long OpportunityLong Opportunity -
Tata Motors has declared the Investment in Electric vehicles and as we have seen there was a positive impact on the last trading day. This positive impact may continue on the next trading day if it so it will give a target of Rs. 5 from the last trading day high. There is another Rs.10 target for short-term holders.
Happy Trading!
Simple Trade Setup | TATAMOTORS | 07-02-2022 [INTRADAY]NSE:TATAMOTORS
Observations:
1) On 1 day time frame, it closed just above the upper trendline of the support channel as well as above 500 level. 500 is a support at this time. If it sustain above it then we can see an up move.
Breakdown of it, can lead fall to the middle trendline of the channel and even in worst case the bottom trendline of the channel.
Please refer below chart : 1day Time Frame.
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Trade Setup for 07-02-2022
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 | 27-01-2022 [INTRADAY]NSE:TATAMOTORS
Observations:
1) On 1 day time frame, it closed just above 50DMA.
50DMA is placed at 488.63 level.
Please refer below chart : 1day Time Frame.
2) On 1 hr time frame, it is in the channel.
if it gives breakdown of this channel on 1 hr time then we can see down fall to continue.
Please refer below chart : 1hr Time Frame.
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Trade Setup for 27-01-2022
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 | 27-12-2021 [ INTRADAY ]NSE:TATAMOTORS
Trade Setup for Date: 27-12-2021
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 | 20-12-2021 [ INTRADAY ]NSE:TATAMOTORS
Trade Setup for Date: 20-12-2021
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 (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.