TaMoMy idea, let's see how it does
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TATAMOTORS trade ideas
Path to SUCCESS- Rising Channel As you can notice the rising channel pattern moves upwards, it is also called as Bullish Channel pattern. It comprises of two lines parallel to each other with points shaping higher highs and higher lows therefore consequential in bullish channel or upside channel. The price is limited between the two trend lines.
Tata motors bullish trend patternBullish looking from here..
above 518 it will be touch to 528, 550 in coming days.
only for education purpose views
Three waves Flat(Sideways) correction is unfolding in real-time.Crucially, equality ratio can react as stiff resistance in Ending Diagonal triangle.
for wave ((5)) = ((3)) at 517.9 and for,
wave ((5)) = ((1)) at 514.95
Key Reversal zone - 511
Flat, a "sideways" correction is completing for wave "X".
Unfold in three waves as ((A)), ((B)) and ((C)) blue generates a 3-3-3 internal signature in real-time analysis often used as an initial go-to "alternate" count.
However, a flat should have 3-3-5 waves therefore, we are looking for the five waves for ((C)). There is nothing wrong if Wave ((C)) to carry above wave ((A)) because wave ((B)) has been below beginning of wave ((A)). In another words, a wave ((C)) can carry 506.4 above .
Tata Motors - Rangebound before breakoutTata Motors may go range bound for the next weeks before the next big rally.
Tata Motors is near 7Y trendline - Breakout or Retest?Tata Motors is trading near 7Y trendline.
1. A huge breakout - Low probability as volume didnt increase significantly
2. A consolidation may happen over the trendline before breakout
3. Minor correction before breakout
Overall it looks bullish for long term.
Retest to ATH ??For Breakout and continuous uptrend, double bottom neckline retest is must to travel further for ATH to 605.
Tata Motors Daily Chart SetupWaiting for reversal candle or breakout . After the breakout or after bearish candle formation near resistance level trade confirm .
tatamotors monthly chart analysisAs said in the previous idea, above 525 it will hit 598 which will become triple top once 598 is hit. After this, i have marked two more targets and according to harmonics, they will also be achieved once candle goes above triple top line .
stay invested and enjoy
Note: this is for long term only
good luck
Also note that it is at long term simple trendline resistance so, once atleast weekly candle closes above it , it will become rocket
KOTAKBANKflag daily chart only study purpose .
i am not a sebi register this only for education purpose . i am not any responsible for any loss of profit .
Tata Motors ComebackAny pattern in a higher timeframe works out very smoothly.
Here the Double Top Pattern took 7 years from the making to the execution and now the stock has been rising very steadily with growing volumes.
The technicals of Tata Motors are backed by the rapidly growing EV business and a fast adaptation of the same in the country.
Technical Aspect
As this platform is solely a technical base so let's keep it to that only.
1. We have 2 different resistance on the chart in the monthly timeframe.
Resistance 1 = 530/540
Resistance 2 = 590/600
This resistance has a high probability of breaking due to the strength of the current trend.
2. Technical Indicators of the stock are all positive at the moment in all major timeframes. (RSI, Stochastic, MACD, Bollinger Band, Supertrend, and Ichimoku).
3. Auto Sector has turned bullish this month only. Auto Sector has the same chart with the same double top pattern (given that disciples follow the discipline).
These are the following reasons why Tata Motors should cross any ceiling in the current uptrend.
Trade = Tata Motors is a buy at the current level with an SL at the open of the same candle - 495
Target = 1st Target is around 600 then it will be trailing.
Tata Motor is heading for a big breakoutAs our trade going good it is the time to trail our SL
Trailing stops only move if the price moves favorably. Once it moves to lock in a profit or reduce a loss, it does not move back in the other direction. ... One of the most important considerations for a trailing stop order is whether it will be a percentage or fixed-dollar amount and by how much it will trail the price.
A trailing stop is an order type designed to lock in profits or limit losses as a trade moves favorably.
Trailing stops only move if the price moves favorably. Once it moves to lock in a profit or reduce a loss, it does not move back in the other direction.
A trailing stop is a stop order and has the additional option of being a limit order or a market order.
One of the most important considerations for a trailing stop order is whether it will be a percentage or fixed-dollar amount and by how much it will trail the price.
TATA MOTORS Bullish pattern and breakoutTATAMOTORS looks bullish on daily and hourly basis.
Target: 530
SL: 500
Note: This is for educational purpose only, please take call accordingly
TATA MOTORS is Positionally looking Bullish.Only entre in this trade when TATA MOTORS crossed 506 level fundamentaly & Technically stock very nice . & hold the share for target before 506 Stoloss 475 rupees.
Tata Motors Ltd. Sector: Auto - LCVs & HCVsTata Motors Ltd is India`s largest automobile company. They are the leader in commercial vehicles in each segment, and among the top three in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments.
CMP: 509
TARGET: 566 and Above.
Reason: Breakout neckline of w pattern now we get good rally in Tata motors. for long-term its good stock to target 600 , Many Eco project work in process.
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watch itSame opportunity in Tatamotors Tata motoes proper breakout with MACD positive crossover and RSI above 60 shows the bullishness in the stock
Tata Motors Hourly chart analysisTata Motors trending in this uptrend channel, with bulls in control at the moment, any dip to the supply line or a good price action at vwap level intraday can be used to accumulate
Tata motors debit spread for expirySelling 500 ce and buying 490 ce creating a spread … stock price expected to expire around 500 or above considering the option movements .
intraday pick Tata motors.Tata managed to close today just above the swing high. Look at the daily chart. The month's high is also respected. Let's see if it's going to sustain or not.
