While identifying the precise end point of an extension is often a challenge, you can become quite rich by joining in once the extended wave 5 finishes.
Typically, a market comes down to the level of 2nd wave of the just completed 5th wave
So i assume Tata Motors is a buy @ 169 to 170 with a SL of 165 for a target of 180
Disclaimer - 1) I'm a learner
Price action always gives up to date information. The interpretation of price is an art and not an easy task.
Adding a method to support one’s strategy, and an analysis which has more predictive value, could be very useful.
A proper divergence is only present when the histograms indicating momentum have retraced back to the zero line.
Two subsequent lows or...
Here i have shown a weekly chart of Tata motors with support and resistance
As an investment - i guess Tata motors is a good buy because of following reasons :-
1) Break of lower low - lower high pattern..
2) Break of trend-line..
3) Mac-d on weekly & daily time frame is positive..
Buying can be done in the range of 160-170 with Sl as 150....
i read many post to get ready to short the market , Hence i am giving my humble views
In the chart here, i have shown 2 supports
1) Horizontal Support
2) Trend line support
Unless and until - these supports are broken - Never short this market
3) mac-d on weekly and daily time frame is positive
4) Price is above 200 ema
These are just my...
Here in this weekly chart of Escorts , -
I have shown the
1) Support and the Resistance
2) Trend line resistance
Mac-d is currently on +ve side on weekly chart
Price is above 200 Sma and is pointing upwards
Price is at a support level on weekly chart
Critics are welcome to comment on the above chart !!
This is a daily chart of Suntv where i have shown the support and resistance range in rectangles
Suntv is already in downtrend - so we are looking for set-ups for shorting the stock
Suntv has already resisted from the resistance zone
Now where do we short sell Suntv ??
For that we shall go into the hourly chart!
Federal bank recently gave an up-move from 67 to 97 (more than 45 % up move in a short duration of 3 month)
Congratulations to all those who analysed and traded well
Every trader has strengths and weakness.
“You have to learn the rules of the game. And then you have to play better than anyone else”-albert einstein
Now coming to the analysis ,
The up-move looks...
As Joel had predicted (Link below), Tata motors bled before Valentine day .
I also wish to thank yogi sharma & Ajay sharma for the wave counts in Tata Motors...
Now what Next
As pointed in the chart ,
The next question will be -- Can Tata Motors now cross the hurdle or the Supply area ??
I present this question to the esteemed trading-view audience !
I thank all the users of the trading view for the comments on my previous post on Escorts. (link posted below).
it was an over whelming response and i was very pleased to hear from everyone
Thanks once again for spending your valuable time and pondering over the wave patterns
In fact i am a novice in wave labeling , and i understand there can be multiple views...