TATA Motors is at support level (506-502) touching for the third time, MA shows downtrend, if the buyers are strong at this area it can be a reversal.
Tatamotors has taken strong support at 506 and moving upside. Close above the trend line will indicate bullishness. Targets are shown in the chart.
It has been observed that a Bullish Gartley pattern is emerging on the Tata Motors Hourly chart, the completion of which is very close to an upward trendline. Long Entry: 509-510 Target 1: 531.5 to 534.5 Target 2: 549 to 552 Stop: Below 502 Please Start booking profits as soon as the price comes in the range of the specified targets
Short with a tight stop of 533, for a target of 505.
With reference to my previous post on this subject some mates have shown interest in leaning and waned to make it more clearer so I have prepared another chart with 2 Action/Reaction Set. One has captured the top beautifully and another one is in action so we can observe the outcome in coming days. Any Queries/Question are welcomed. The steps required 1. Draw a...
Stock going to form Alt bat pattern,keep eye on sell entry zone.
Tatamotors targets are 558 and 565 with stoploss 546.
A second Bullish Breakout can be seen on the Daily Candles to confirm strong buying interest. RSI has more space to the upside form the current levels. 10 % return is expected in 3 months .
Tata Motors - 1. Here you can see, NSE:TATAMOTORS is on resistance on daily trendline. 2. Also, you can see the earlier resistance area which might turn out to be support and help in breaking out of the downward sloping trendline. 3. Otherwise if it doesn't find demand, we may see levels of the previous swing lows. 4. There's a divergence with the OBV...
Our Previous update on TataMotors was also short and here also we are updating the Short status. Reasons- 1) TataMotors has completed 61.8% fibonaaci retracements. 2) It is hitting in strong weekly resistance zone. We should be able to make 10-20 easy points from here on. Entry -> 535-542. Stop loss -> 548 Target1 -> 518 target2 -> 500
We are able to cite bearish alternate pattern in Tata Motors. Watch for short trade opportunity in this stock at 528-532 levels.
it will help to play gaps properly. I trade gaps and its business. I will share gap play setup when i got something in future.
The stock is forming bearish Engulfing at .786 Fibonacci level. I would trade it at this level for a short term gain hoping the retracement : risking 10 points and looking for a reward of 12 only as there is nearby support. Risk to reward is not lucrative but mostly such setup reward the small profit.
When 15min RSI hits its Bounce Area, prices either take support at 50%FR or 61.8%FR, currently its taking support at 50% FR. With that recent low of 507 being a stop on 15 min basis, its a long trade for an initial target of 516 (61.8%FR of fall from 522). Eventual target is 534. A break of the low of 507, would result in a test of the lower end of the Gap Area...
Its been observed that on daily basis, Tatamotors is showing good strength and trading upwards. This will be good to go up more. TP-530 SL-500
Prices at a Supply zone of 505-508, with RSI showing Negative Divergence. Expecting prices to hit 480-476 demand levels going forward. The trade gets negated on am hourly close above 508.
Price action of tatamtrdvr shows weakness with the formation of pinbar, weakening volume and RSI momentum. Once the trendline is broken can go for short. Sell at the price of 322 with stop loss 325. Targets are 316, 312 and 308.