TATAMOTORS trade ideas
tata motors forming W patternThe sales of tata motors increased rapidly. now tata motors are at second position in sales in india . also at technical level there is W pattern formation happening in daily chart. If price brakes above 500 level and retest again then strong bullish candle at retest level should be buying opportunity.
TATA MOTORSTata Motors is one of my favourites NIFTY 50 stocks. Presently there are two possibilities for TATA MOTORS and both the possibilities are described below.
Possibility 1 (Bullish Possibility):
TATA MOTORS is possibly forming a "double bottom" pattern (which is a bullish pattern). The 498.6 level is acting as strong resistance and TATA MOTORS is not able to break that level. If TATA MOTORS give a breakout and closes above that level then it will confirm the "double bottom pattern" and an initial target of 554 (10% after breaking the 498 level) can be reached.
Possibility 2 (Bearish Possibility):
On daily charts, it looks like TATA MOTORS also might be forming a simultaneously bearish "Flag and Pole pattern". On 29th NOV, TATA MOTORS started its upward trend and after forming the flag and taking resistance around 498 levels it retracted back to the same support from where it started the uptrend ( near 446 levels). TATA MOTORS has already re-tested its 498 levels and failed to give a breakout. On the positive side, it is taking support from the downward channel.
POINTS TO NOTE:
1. Strong resistance around 498 levels and strong support near 446 levels.
2. Daily RSI is showing neutral divergence against the price.
3. On MACD, the MACD line has given a crossover above the zero line and is hovering above the signal line which is a bullish sign.
MY VIEWS
It is a bit complicated view for now as we have to wait for a few sessions before a directional clarity. If TATA MOTORS breaks and closes above 498 levels then it will give confirmation of "double bottom pattern". On the flip side if it breaks the downward channel then again it might visit its strong support around 446 levels. The daily MACD is showing bullish signs but we have to wait till the direction on either side gets clear.
THOSE ARE MY VIEWS AND ARE ONLY FOR KNOWLEDGE PURPOSES ONLY. PLEASE ACT WISELY.
Tata Motors predictionHi there, Hope you are doing well.
I found W pattern in 1 hr Time Frame.
Please let me know, if i am making anything wrong?
This is only for educational purpose.
Thank You.
Long in Tata Motors- Flag PatterTata motors is creating Flag pattern on weekly time Frame. Good time to enter at CMP for target of 700 and above.
Simple Trade Setup | TATAMOTORS | 04/01/22 & 05/01/22 [INTRADAY]NSE:TATAMOTORS
This setup will be applicable for this week.
Giving only safe levels to trade.
Trade Setup for Date: 04-01-2022 & 05-01-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Chart on TATA MOTORSChart on TATA MOTORS
CMP @ 495
Short Term Target @ 504
Professional Target @ 530
Long Term Target @
Average @ 445
I am expecting TATA MOTPRS. If it moves above 517 then it will achieve professional target.
Disclaimer: I am not a SEBI registered Financial Advisor. Please consult your financial advisor before investing.
Tata Motors hourly chartVolatility Contraction is visible in Tata Motors, expecting a big move out of the bear trend channel on Monday.
Tata Motors flag & Pole PatternComment down your stock for my analysis..
Tata Motors Limited is an automobile company engaged in manufacture of motor vehicles.
For Entry
SL below the TRendline
For Exit
TGT near recent High NSE:TATAMOTORS
breakout in tata motorsAs you can see tata motors breakout on daily time frame also the stock has given good returns and is in uptrend . on 1 hr timeframe and in 15 min timeframe the stock also retested its level and the confirmation is cnx auto breakout 3 days ago.
auto sector looks bullish and the semiconductor chip shortage will be resolved soon
I am not a sebi registered person please ask your financial advisor before entering any position in it
do your own analysis
SIP between CMP to 430 SL 366 TGT 530 and 600Suggestions are based on my analysis only. Please do your analysis before taking any trade.
Tata Motors chart may show a good upward trend in Q4 of FY 21-22It is all set to go up for Q4 in FY 21-22 and likely to set new 52 week high in upcoming months before the end of this FY.
Tata motorsTata motors
Above 483 more bull come
Target 506,520,530
Stop loss 470 below closing that position
Tata motorsTata motors
Above 483 more bull come
Target 506,520,530
Stop loss 470 below closing that position
TatamotorsTrendline Breakout trade setup.
Upside breakout upper level.
Downtrend followed then bottom support.
tatamotorspattern breakout is observed in tatamotors.trade can be initiated according to chat.for educational purpose only.
Simple Trade Setup | TATAMOTORS | 27-12-2021 [ INTRADAY ]NSE:TATAMOTORS
Trade Setup for Date: 27-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Tatamotors ShortI hope you can now see how TATAMOTORS represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Simple Trade Setup | TATAMOTORS | 23-12-2021 [INTRADAY]NSE:TATAMOTORS
Trade Setup for Date: 23-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.NIFTY
