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Tata Motors Limited

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TATAMOTORS trade ideas

SHORT TERM TRADING IDEAThis chart represents the technical analysis of TATA MOTORS LTD on a 4-hour timeframe using Heikin Ashi candles. Here's a detailed breakdown of the chart's components: ________________________________________ 1. Chart Overview: • Timeframe: 4-hour (H4). • Indicators: o ATR Trailing Stops (red and green lines marking trends). o Volume Histogram (to track buying/selling activity). o MACD (Moving Average Convergence Divergence). o RSI (Relative Strength Index). • Highlighted Patterns: o Rising Wedge: A potential bearish pattern. o Bullish Divergence: Suggests a possible trend reversal upward. ________________________________________ 2. Key Chart Observations: Rising Wedge: • The rising wedge pattern indicates an upward price movement within narrowing trend lines. • This pattern is typically a bearish signal, suggesting that the price may break downward after completion. • The chart shows the upper boundary (~₹818.10) and lower support (~₹786.54) for the wedge. ________________________________________ Volume: • Volume Spike: The recent rise in price is accompanied by increased volume, indicating stronger participation from buyers. ________________________________________ MACD Indicator: • MACD Line (Blue) > Signal Line (Red): Indicates bullish momentum. • Positive Histogram Bars: Reinforce the upward movement. ________________________________________ RSI (Relative Strength Index): • Current RSI (~56.46): Mid-range, signaling neutral momentum. There’s room for the price to rise further before approaching overbought territory (>70). • Bullish Divergence: As highlighted earlier, the price formed lower lows while RSI formed higher lows. This divergence signaled the recent reversal to the upside. ________________________________________ 3. Key Levels: • Support Levels: o Strong support at ₹759.20 (highlighted as "Low"). o Secondary support at ₹786.54 (wedge lower boundary). • Resistance Levels: o Near ₹818.10 (wedge upper boundary). o Higher resistance around ₹948.45 ("High") if the breakout sustains. ________________________________________ 4. Conclusion: • Current Trend: Bullish within the rising wedge. • Short-Term Risks: Rising wedge patterns often lead to a bearish breakout, so watch for a breakdown below ₹786.54. • Upside Potential: If the stock sustains above ₹818.10, the next target could be ₹948.45. • Recommendation: Monitor the RSI and volume closely. A decisive breakout above ₹818.10 with high volume could confirm further upside, while a breakdown below ₹786.54 might trigger a downtrend.
NSE:TATAMOTORSLong
by ramumaurya
TATAMOTORS - Eying for a pullback to 860-900 levels? Please note that we are looking at a meaning pullback only and not a trend reversal. Since this is 4th wave on larger degree and fell one way down, expecting complex correction pattern to play out on this counter over the next few weeks. CMP: 783 TF: Daily The impulse move from 63.5 has been halted at 1179 to complete the 3rd wave so far. Stock has retraced the expected retracement level of 50% for the 4th wave (intermediate degree). Although it has room to go to 500 levels for the retracement, the ideal/expected pullback is 38% to 50% in most of the cases. Price has been falling one way from 1179 in a staggered manner and slow grinding, and the structure is LL-LH. We could either consider this pullback as ABC three wave down or 1-2-3-4-5 wave impulse. In either case, the third wave down (C or 3) has extended much without any meaningful pullback. I am expecting the price to test 900-920 levels before deciding the next trend. Reason for the bounce? MACD gave crossover signal, and am hoping for a pullback to 0 line. Price went sideways and also negated LH-LL structure on Hourly TF.. if we dont break the lows, we have a good chance of a meaningful pullback Why 900-920? It is the 38% retracement level of the move from 11142 to 760 Anchored VWAP from 1142 is placed at 920 200 DMA is at 910 Cloud Bottom is at 910 (Daily) On the way up, 850 could also pose a strong resistance (Super Trend, Cloud Base Line and 40 DEMA) What if it falls further? AVWAP from the recent swing low of 375 levels is placed at 747. I hope that could offer/stand a good support on the downside. Closing below 770 on Daily TF will trigger the move towards next Fib level at 677 I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
NSE:TATAMOTORSLong
by Murthy_Santhosh
TataMotors | Bullish from here ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️ 💡FNO Stocks Trading📉📈📊 ✅Check out my TradingView profile to see how we analyze charts and execute trades. ✅We can't conduct a thorough analysis in such a short span of time. We need to review it, post our findings, and then take action. 🙋‍♀️🙋‍♂️If you have any questions about this stock, feel free to reach out to me. 📍📌Thank you for exploring our idea! We hope you found it valuable. 🙏FLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
NSE:TATAMOTORSLong
by ReviveTraders