Tata Motors - Extremely Bullish Tata Motors was a downtrending stock since few years but it has changed its trend now. Closing above 200 will see the stock being doubled soon.
It's ready for a huge huge upmove above 200, levels are mentioned on the charts.
Note - Feel free to give any advice regarding this analysis down in the comments section.
Disclaimer - Please do not take trades according to this analysis and do your due diligence before entering into this. This is just for educational purposes and not to be considered as a tip.
Uptrend
Nifty: Chance not given … Bears need to WaitBulls are in full charge as they do not allow prices to slip below 14,100, which could have triggered some selling impetus. But that possibility is now behind us and the underlying momentum should help the index rally further upward. The index has just nudged itself within the red rising channel on the 75min chart of Nifty Futures. On the upside, 14,500 is the obvious target with any price correction to face support from 14,250 which is the upper border of the blue channel. Strategically staying bullish is the sensible thing to do, unless proven wrong.
Trade Well. Trade Wise.
Inox Leisure supportInox Leisure taking a leisurely stroll after holding onto the monthly support on log scale
Strong uptrend in tata motorsThe weekly charts clearly indicate there is a strong uptrend in tata motors which is likely to sustain.
The moving average has sustained above 50 for a couple of days which further indicates there is no expectations for a downtrend in near future.
Near time target would be around 204.
Greaves Cotton - W PatternGreaves cotton weekly chart shows possibility of W pattern formation. Can buy at cmp with stop loss of 82.7 or can accumulate in dips. Can go long with trailing stop loss for the technical target of 146.
Note: I am just a beginner. This chart is for learning and educational purpose only. Kindly invest based on your research and analysis. Do not forget to give a like if you find this chart helpful. Happy investing :)
NTPC Ltd - W pattern possibilityNTPC weekly chart shows possibility of W pattern. There is possible up move here following W pattern. Can go long with trailing stop for the target of 145.
Note: I am just a beginner. This chart is for learning and educational purpose only. Kindly invest based on your research and analysis. Do not forget to give a like if you find this chart helpful. Happy investing :)
TATA Power - Inverted Head and Shoulder patternTATA Power weekly chart shows Inverted Head and shoulder pattern. Can buy in dips for the target of 96. Breakout is clearly visible. I bought at 58 during the inverted head and shoulder formation. I missed publishing this idea. I would suggest to wait for some correction or buy later if it comes at retesting zone.
Note: I am just a beginner. This chart is for learning and educational purpose only. Kindly invest based on your research and analysis. Do not forget to give a like if you find this chart helpful. Happy investing :)
Triveni Engineering - Cup and handle patternThe weekly chart of Triveni Engineering Limited shows cup and handle pattern formation. Can accumulate in dips or can buy once the weekly closing is above 84 that is breakout for further up move.
Note: I am just a beginner. This chart is for learning and educational purpose only. Kindly invest based on your research and analysis. Do not forget to give a like if you find this chart helpful. Happy investing :)
TATACOMM Triangle pattern NSE:TATACOMM Good for intraday to positional... Safe players can enter the trade on retracement with strict SL.....
Note:
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Godrej Consumer - Ascending triangleGodrej Consumer is in consolidation since long. Ascending triangle pattern is seen in weekly chart. Expected up move once there is breakout. Can buy in the range 700 to 720. Wait for some correction. Can accumulate in dips. Technical target is 1026. Can go long with a trailing stop loss.
Note: I am just a beginner. This chart is for learning and educational purpose only. Kindly invest based on your research and analysis. Do not forget to give a like if you find this chart helpful. Happy investing :)