TATA MOTORS: Bullish - Bullish Pennant detected On the rise : A rising pennant has been detected and the price can go up around 1 108. Plus we can reach the Gap around 1 018. On the decline: However we can monitor the EMA.50 ( pink) at 954, and the EMA.200 around 775. Plus, for the purists of ICHIMOKU ( weekly) , we can go down to 843. Watch the divergence...
As you see on the charts, if the stock crosses 550 levels and sustains above, it can be considered as the breakout of the Cup & handle pattern. Also, the rising parallel channel will be giving scope for a further upside move. If does not cross 550 and not sustaining above, then this setup fails. This is only one view according to the chart patterns, there may be...
Tata Motors trading at February 2022 horizontal resistance line. Good volume seen for the last few days. A close above this line can see 270 and above that 297-300. SL 230.
Price is moving inside a channel formation. Important support zone is 998 - 1003 and important resistance zone is 1017 - 1023. Unless price breaks this range, we will get range movement. Play safe when the price is in range. Buy above 1023 with the stop loss of 1015 for the targets 1032, 1044 and 1052. Sell below 996 with the stop loss of 1005 for the targets...
Macro to Micro Analysis with help of geometric diagrams.
Price is at trend line support and now it is consolidating. Trend deciding zone is 978 - 983. Buy above 983 with the stop loss of 977 for the targets 989, 995, 1001 and 1008. The zone 998 - 1004 will be acting as the profit booking area. Sell below 972 with the stop loss of 978 for the targets 966, 960 and 952. Check the live market updates. Hit the like button...
TATAMOTORS is in a bullish range and in weekly time frame it is about to break the zone. For long term targets hold or enter at the current price and hold for a target of 1000-1050
#Tatamotors cash -Positional call 18.03.2024 Looks good above 977 & dips till 960 Stoploss 940 Target 1018-1020/1060 Cmp 973
Tata Motors- CMP 968 Volume- the huge volume is an indication of euphoria post which we always witness a sharp correction. Elliott- the corrective pattern is zig zag. wave A and wave C have 1 and 1.618 relationship. The correction halted at 1.618. Composite & RSI- At this imp support we have +ve divergence from composite where as RSI has failed here....
Tata Motors inverse head and shoulder breakout on monthly tf closing above 650 can lead to 830 and final 950+ risk reward ration will be 4.1 dc : only for educational and learning purpose
Tata Motors is very clear case study of Buy on rumour Sell on News. Some strong hands must have Demerger News before public. Now those who bought before this rally will book profit. Do not buy it until it correct itself and consolidate at 820-810. Short/Sell at this level with stoploss 1066(Today's High) to get reward of news selling.
Rejection from ATH high volume candle with negative divergence on RSI
tata motors looking bullish as retest from .618 fib CMP 627 on 10.09.2023
Resons: 1. Tringle pattern 2.17 months of consolidation 3. RR is attractive
Price may go up and reach the target Price in higher time frame is showing bullish confirmation followed by pullback in 5mins this shows primary trend is bullish and secondary trend is occurs and entry taken at the end of secondary trend that is confirmed by bullish candle at lower timeframe
The stock has given a breakout from a cup and handle pattern moreover after breakout the stock has retested and again formed a small cup and handle pattern the target can be 1133
Tata motors has shown a superb bullish rally but this seems a formation of shooting star stay cautious in bullish trade study and think and then trade carefully
#TATAMOTORS trading above Resistance of 941 Next Resistance is at 1483 Support is at 600 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational...