Bullish Breakout in Tata MotorsA bullish flag & pole Chart Pattern Breakout on the Weekly Time frame of NSE:TATAMOTORS
Price Action supported by very good volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart
Stop loss will be on a Weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish flag & pole Chart Pattern
Technical Indicator :- Positive MACD Crossover
Disclaimer: This is for educational purpose only.
Tatamotorstips
Tatamotors ShortI 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 .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Simple Trade Setup | TATAMOTORS| 23-09-2021NSE:TATAMOTORS
Observations:
1) On Daily time frame, It broke 21DMA and closed above it and also closed above 310 level. Also daily volume was just above 21 day average volume.
Please refer below chart : Daily time frame.
-------------------------------------
Trade Setup for Date 23-09-2021:
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.
TATA MOTOR | WHAT NEXT ?NSE:TATAMOTORS
TATAMOTORS has been in very much bearish trend since last few days. And in this month it has fallen nearly 13%.
I am preparing this on 1hour timeframe for clear understanding. And this for positional trader.
On 23-07-2021, it has broken that orange trendline and closed near 295 level. This is very critical level and 295.50 is Fibonacci level and also it is at that black trendline.
If you see previously it has taken support from this trendline earlier.
1) Now in upcoming trading sessions, if it fails to take support from this level then we can see downtrend. First support/level will be 290 and if it breaks it then we can see levels till 280-281 in TATAMOTORS.
2) And if it gets support from this level then we can see change in trend for TATAMOTORS. But the good short term entry can be taken only if closes/trade above 305 level. But it it goes up and faces resistance at 305 level then don't enter and waste your time and stuck your money in it.
3) For the safe trader if looking for buy trade then it is safe to take buy/long trade above 318 for good upward movement in short term.
comment below if my trading ideas are helping you to understand levels and price action.
do comment if you have any doubt or suggestions.
Have a good weekend.
🚗 #Tatamotors #tatamotor #tatamot #nifty #nifty50 #banknifty NSE:TATAMOTORS
short only if find reversal at current PRZ level.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.