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TATA MOTORS LTD

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TATAMOTORS trade ideas

Tata Motors Multi-Time frame analysisToday, we are going to discuss Tata Motors. I am seeing the huge potential for this stock. This could give more than 100% growth initially in the next bull run. Multi-Time Frame analysis:-- (MONTHLY) -trading in range -every time it comes to the channel bottom boundary, buyers come in & every time it touches the channel upper boundary the sellers come in. -this trend started in 2001 & got stuck in this by this day also. -trend on the monthly time frame is still UP & currently, we are consolidating somewhere in between this up trend. (WEEKLY & DAILY) -now on weekly TF, if we draw a trend line (TL) connecting the lower high (LH) starting from February 2015, we have got our set up!! -considering the up move started in 2020 we have also seen a good volume on uptrend and in consolidation, we have also seen below-average volume, which indicates a healthy up move in progress. (ELLIOTT WAVE ANALYSIS) -it looks like currently we are in wave 4 of an impulse, where wave 4 is still in construction. -wave 1 has been completed @ approx 155, wave 2 got completed @ 122 level, and wave 3 was closed in extended mode @ 526 level. -wave 4 is still in construction, and could close somewhere at 38% - 50% levels. (WHEN TO BUY ?) We will try to find a buying opportunity whenever this stock gives TL breakout with a good or more than an average volume.
NSE:TATAMOTORSLong
by ShubhamKatiyar
2
Tata Motors Short Term TargetsThe FASP for Tata Motors is listed for 04-1-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: Up to 6 Months How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:TATAMOTORSLong
by SathishChandrasekaran