We are into D leg of Bullish Harmonic pattern. Potential reversal zone 510 - 500 . Kindly confirm the reversal before initiating the trade.
Tata Motors after a long up trend journey broke at 550.00 and again struggling to retest the previous level which is best short entry point in this stock, trader may go short at CMP, conservative trader may wait whether up ward breakout occurs or not. if not go short for a target of 487.00 and second target may be around 432.00 in near term.
LOOKS LIKE GOOD SHORT FROM 500 LEVEL WITH 540 SL AND 440 TARGET ...
We have a structure within a structure. If 510 level remains unbroken we have an interesting setup in TATAMOTORS. Currently we have Bullish BAT setup, providing 510 support really works as a support :). If Tatamotors starts moving upside then we can have a potential bearish harmonic setup. Since C leg is almost near to A leg and channel resistance makes me guess...
As observed the price is moving in an ascending channel and this has been a buying opportunity whenever price has taken support on the lower band of the channel. Price since Feb 2016 has not been able to break the channel, taking multiple supports on it making a very strong support over time. It has also taken support at 50 day SMA. Also, lately the price has...
Looks like the third impulse wave of TATA motors has come to an end. Expecting a complex correction for wave 4 around 515 ~ 540.
THERE IS POSSIBLE GARTLEY FORMATION @ 502 509.......POSSIBLE TARGETS OF 532 AND 540......KEEP STOP LOSS 485
It is been observed that the price action forms a descending triangle on hourly chart, forming lower highs. Now the price action breaks out from the triangle, indicating weakness ahead. Target: 532 Stoploss: 552
Learning gartley pattern 'B" is at least 61.8% retracement of XA should not touch or close above 78.6% "C" is at least 61.8% retracement of AB leg should not tuch or close above 78.6 "D" the entry point is at 127.2% extension of AB, which in this case comes out to be near 495. I doubt it will come there . Will monitor this as long as point C holds true
Momentum is slowing down. Prices consolidating near tilted resistance. Expect steep short term drop unless a very good news comes up.
in tata motor script in 15 min have a bullish walf wave setup created.... so pink line is sl yellow line is entry and green line is trg .....
Its been observed that Tatamotors started upward journey after the correction. Certainly looking for 590+
going good by price action we saw it retraced to point 2..now going to target 3.. go long stop loss below 2.
Bearish divegence observed in RSI..... Possible short set-up in TELCO....