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TATAMOTORS trade ideas

how to trade through elliot wave First thing to do is to identify the time frame that one is comfortable for trading or investing there money for,accordingly one should select time-frame for labeling waves.Here i have tried to label from cycle to minor degree.Analysis below is targeting Primary degree wave 5 upward movement that might unfold in near future. As mentioned in every book or article on elliot wave theory one should start labeling from an important low or high,hence i have taken covid lows for reference.I have tried to follow impulse labeling rules given in elliot wave theory and have labelled degrees according to time frame given in the books or in the material available online. Reasons for impulse wave counts: 1)Primary wave 2 has not retraced primary wave 1 by more than 100% 2)Primary wave 3 has extended almost 261.8% of Primary wave 1 Current wave counts Cycle : wave 1 Primary : wave 4 Intermediate : wave C Minor : wave 5 Current Struture Primary wave 4 Regular Flat ABC correction(3-3-5) Logic for Demand zone between 284-266 1) Price support @ 284 2) 100% Extention of Intermediate wave A from wave B top @284 3) 38.2% Retracement of primary wave 3 @ 269 4) 123.6% Extention of Intermediate wave A from wave B top @266 5) RSI seems to be making positive divergence Entry Signals 1)Look for bullish reversal candle like Doji,Hammer,Piercing,Engulfing pattern in the target zone marked for Primary wave 4 2)Next day price should cross the high of the reversal candle during the trading hours and should sustain above it through out the day(Take 30% position when it crosses the high),if it manages to close above the high of reversal candle then take rest of the 70% position.Additional confirmation will be of minor 2-4 trendline breach and price closing above minor wave 4 highs and 10 day SMA. 3)Keep a SL of reversal candle low on closing basis and size your trade accordingly in order to not to loose more than 1% of your trading capital 4)Target zone for primary wave 5 is 357-380,as it is primary degree that we are expecting to unfold price might take 2-3 months to hit the target zone. This post is for some one who is interested in trading stocks or indexes through elliot wave theory.I have tried to show how to label waves of different degrees and have mentioned trade setup that one should look for and have also mentioned position sizing logic. Hope anyone reading this post find the information useful.
NSE:TATAMOTORSEducation
by UNDERDOG-29
5
TATA Motors : AnalysisTata motors has given 90 degree breakout after consolidation for several months. Possibility of breakdown is good. Note:- This analysis is done on weekly time frame hence traded accordingly. Creation of possible supply zone at higher level depicts the upcoming fall. If this zone is a supply zone then market coming down and retesting 400 levels is a possibility. Possibility of consolidating at higher levels for few more days is good. Wait for it to close below recent low 470 levels which tata motors is holding for quite a while now. Fib retracement is showing market is taking support from 0.286 levels. 380 to 360 is the golden zone. I will enter into this trade and update this analysis here. PS: Always risk what you can afford to loose no analysis is a sure shot. Trade as per your risk appetite and RR ratio.
NSE:TATAMOTORSShort
by Umang_Sharma
2
TATA MOTORS BUY at Current LevelsTATAMOTORS has shown a great retracement from its recent highs of 530+. In fibonacci levels, we can clearly see how the stock took support at78.6% levels. Its currently hovering around and has not broken down this level. A long call can be taken here, for targets up to 510. ALSO THIS LONG VIEW IS SUPPORTED BY THE PARALLEL CHANNEL THAT THE STOCK HAS FORMED ON DAILY CHARTS. I AM BULLISH AT CURRENT PRICES WITH SL BELOW 470. ** I am not Sebi registered. Kindly consult advisor before taking trade.**
NSE:TATAMOTORSLong
by ParyataK
Tata Motors - Daily Chart Analysis - 23.11.2021Tata Motors as per the chart patten analysis is in brief consolidation and once the resistance 525 level is broken then target 550 is achievable. So far the stock had tried to break this level twice and there might be a third attempt and if it sustains above 525 level then its a consolidation break out or it might retrace and in the 4th attempt it can break. More the stock consolidates and tries to hit the resistance level the more the chances the stock will touch 600 level too. Iam already holding the stocks and wish you all a very happy trading.
NSE:TATAMOTORS
by UnknownUnicorn19608572
Simple Trade Setup | TATAMOTOR |24-11-2021 [ INTRADAY]NSE:TATAMOTORS Observations: 1) On 1day time frame, yesterday it closed below 21DMA and today it faces resistance from 21DMA. 21DMA is now immediate resistance zone. 21DMA is placed at 498.50 level. So level range 498-500 will work as resistance. Please refer below chart : 1 day Time Frame. IF it failed to sustain above this then we can see a down move. ------------------------------------- Most of the levels and trade setup remains same. Trade Setup for Date: 24-11-2021 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.
NSE:TATAMOTORS
by Trading_hawk