TATAMOTORS trade ideas
TatamotorsPrice is falling for few days and now it is at double bottom support. 920 is an important zone to decide trend direction.
Buy above 927 with the stop loss of 921 for the targets 933, 939, 946 and 954.
Sell below 915 with the stop loss of 921 for the targets 910, 904, 898 and 892.
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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
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TATAMOTORS ON SUPPORTstock made a high 1065 and then stock goes consolidation zone create lower high made support on 900 -920 currently on support below 900 will see a selling pressure on stock
NOTE: only for educational purpose
RULE: 1: always trade with stoploss
2: decide your risk per trade and per day
3: believe to your analysis
4: stay positive and keep patience
technical analysis + money management+ physicalogy = successful trader
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Tata motors buy given at 950 holt it with cost Sl Target big Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
HUGE Loss in TATA MOTORAs we can see, Price Given a Breakout & in weekly it is clearly closing above the horizontal level, But we are not Supposed to enter when Price Breaks the level, we Should wait for The Price to close above the Previous high.
in one hour we can See, it Never Broke the previous candle high.
wrong entry.
HUGE Loss in TATA MOTORAs we can see, Price Given a Breakout & in weekly it is clearly closing above the horizontal level, But we are not Supposed to enter when Price Breaks the level, we Should wait for The Price to close above the Previous high.
in one hour we can See, it Never Broke the previous candle high.
wrong entry.
TATA MOTORS - Rangebound - Daily ChartTata Motors is Rangebound at Daily Chart and at an old support level 945. It has been moving in this range since 27feb 2024. Earlier 945 was a resistance which became the support later.
There is strong chance of reversal from this level and touch 1045 again, It has already touched 1045 three times, so this time it may break 1045 to touch 1150. But if it comes down then it may touch 900 levels, so there is opportunity to accumulate more. We may accumulate between 900-950.
In case it breaks the 900 level then 890 should be SL, as next support will be 800.
For learning and education purpose only.
TataMotors Projection Analysis(16/05/2024)TATAMOTORS Analysis for tomorrow. CYAN color line in natural square number. And the purple line is dynamic level. And below dynamic level one cycle completed from dynamic high. I have mentioned SL and target for my observation. I have used Gann levels, trend & chart pattern as well.
{Target 1023} Short Term Trade Opportunity Stock is on its short term support level making it a buying zone Targeting the price level of 1023.
Stock has fallen around 10% in the previous trading day but there is very low sales volume indicating the price rise
Note: This is not a recommendation of stock content is only for educational purpose do your own analysis before investing.
TATA MOTORS - Making Triangle PatterTata Motors is making a Triangle Pattern at Daily Chart, made a Hammer Candle on 19april.
Following the 9EMA rule, probability of going up and touching 1035 in a few days.
Now 944 has became a Support from Resistance in feb 2024.
For my learning and digital records purpose only.
Tatamotors Looks it has reached the saturation point.Here on it will bounce a little bit and will trace back to the three quarters earnings. Sales estimate is not as per expectation and the Earnings is not in normal workings. it has a boost from taxation around 87% this has led the spike in EPS. apart from this not a cracking numbers. our view is after a temporary bounce it will trace back to the previous lows.
Tata Motors Ltd - Breakout OpportunityDate : 10-May-2024
Rating : Buy - Positional Trade
LTP : Rs. 1,046.65
Targets: (1) Rs. 1,065 --> (2) Rs. 1,155
SL : Rs. 977 on daily close basis
Technical View:
• NSE:TATAMOTORS is in its primary uptrend and was recently going through it's secondary downtrend.
• After touching the high of 1,065.60 on 5-Mar-2024, it has retraced 14% to 921.20 level.
• On 10-May-2024, NSE:TATAMOTORS has broke out from its secondary down trend with higher than average volume.
• NSE:TATAMOTORS has also closed above 20 DMA and 21 DEMA on 8-May-2024.
• RSI is trading at 63.72 and MACD is trading at 11.28.
• Looking good to continue upward journey.
Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Ideas are published for learning purpose only.
Tata Motors Ltd - Breakout OpportunityDate : 6-May-2024
Rating : Buy - Positional Trade
LTP : Rs. 1,016.20
Targets: (1) Rs. 1,065 --> (2) Rs. 1,155
SL : Rs. 995.00 on daily close basis
Technical View:
• NSE:TATAMOTORS is in its primary uptrend and was recently going through it's secondary downtrend.
• After touching the high of 1,065.60 on 5-Mar-2024, it has retraced 14% to 921.20 level.
• On 2-May-2024, NSE:TATAMOTORS has broke out from its secondary down trend with higher than average volume.
• Since 25-Apr-2024, NSE:TATAMOTORS is trading above 20 DMA and 21 DEMA.
• RSI and MACD has already given cross over and trading at 58.43 and 8.93 respectively, indicating bullish momentum in coming days.
Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Publishing the ideas for learning purpose only.