Tatamotorstrendanalysis
Tata motors near a break out level.Tata motors on the daily time frame has closed near a resistance zone and can give a good movement above the resistance zone.
20 and 200 ema are close enough and there can be a bullish moving averages cross over.
A intraday and swing trades can be initiated in the bullish side once the stock starts closing above the 440 level.
Target :- 453, 471
Stop loss :- Close below 20 ema on daily chart.
The stock is also good for a long term gains and can give good profits.
Markets have created new ATH and the stock can also follow the trend.
Wait for the stock to start trading above 440 levels and 3% gain can be captured in a positional trade.
TATAMOTORS LEVELS FOR MONDAY - 24-10-2022Important TATAMOTORS Levels ( Support & Resistance ) for Monday Market- 24-10-2022.
Disclaimer:
I am not SEBI Registered Analyst, This Channel Videos are 100% Education Purpose Only, Myself or my Channel Not Responsible for Your Profit/Loss, Please consult Your Financial Advisor before trading/investing on share market.
TATAMOTOGap filled as expected.
Any close above black trendline can lead to second gap filling.
Views personal.
I Can go wrong.
Not a trading recommendation.
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11-20% upside in TATA MOTORS
After consolidating in a range for more than 4months, Tata Motors has finally given a breakout with good volumes and entered it's previous price channel.
The stock can reach it's ATH levels in few weeks and can see more upside potential if it breaks it's previous high.
A positional trade can be taken with the below targets and SL
Target1: 532
Target2: 579
SL: Depending on your risk, my preference would be the resistance it faced previously(Around 458-460)
Please perform your due diligence before taking a trade.
Happy Trading :)
Tata Motors: Wolfe Wave and Butterfly gets activated TATA MOTORS
1. Coming out of its slumber
2. Two prominent patterns getting active around 440-450.
3. Buy on dips candidate with an SL of 409 (Closing basis)
4. TGTs - Bearish Butterfly: 490-500
5. Wolfe Wave TGTs: Above 500 until price reaches the TGT line.
M_M Bullish Rectangle Pattern !!NSE:M_M
#NSE:M_M formed Bullish rectangle, Safe players may check post breakout zone,
and experienced/risky players may check support zones for entry points.
All the levels marked for practice only.
Complete April month performance shared for our friends, check out my signature for details.
Happy LEarning !!
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 - Short Opportunity*Short Opportunity* -
Tata Motors has formed a flag pattern and it has given a breakout at the downside. Though the flag is showing bulls are active, RSI indicates that there are bears are active and the bearish breakout confirms this situation. Target will be the 9 Rs. downside.
Tata Motors - Long OpportunityLong Opportunity -
Tata Motors has formed a double bottom pattern, that indicates an upside move. Bur, it is near the psychological number of 450, If it crosses this number then it will show a big upside move. The 1st target for intraday will be Rs. 2.50 above the psychological number and the second target will be Rs. 4.15 above the same level.
Happy Trading!
Tata Motors - Long OpportunityLong Opportunity -
Tata Motors has announced about their new cars, are going to be introduced in Indian Market. This may strengthen Tata Motors' position in the auto sector as well as in the stock market. It will be a good buying opportunity for the short term and for intraday too. For intraday 434 level is important and for the Short term, the 437 level is important, if it crosses this level, it will give a good target.
Happy Trading!
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!