TATA MOTORS - Travelling in ChannelsAfter it broke the downward channel , it took support at the downward channel border and is now travelling in an upward channel.
May face some resistances upto 202.
TATAMOTORS trade ideas
Tata motors going to longWait moving averages cross over & next correction resolution, then make a position for long short term purpose
ELLOIT WAVE - TATAMOTORS WEEKLY CHART ELLOIT WAVE - TATAMOTORS WEEKLY
As seen on the chart I have drawn from the low of March .
I feel we are on wave 3 cause from 24th August till 2nd of November it was sideways indicating wave 2.
You could ask why not the previous sideways movement from 1st of June till 3rd of August as wave 2 , because it on retraced on 1 candle in the weekly time frame.
Further more volume is also decreasing. Therefore I feel we are on wave 3 for a target of 270.15 as 1.618
I would appreciate your feedback on my analysis of this
LONG OPPORTUNITY IN TATA MOTORSREASONS-
1) WEEKLY & DAILY TREND IS UP.
2) MAKING HIGHER HIGHS & HIGHER LOWS ON DAILY.
3) TRADING ABOVE THE ICHIMOKU CLOUD ON THE WEEKLY AS WELL AS ON THE DAILY.
4) PULLBACK/DIP RETESTED ON HISTORIC KEY LEVEL ACTING AS SUPPORT THIS TIME.
5) SOME NOOBS MIGHT THINK THAT STOCK GONNA CRASH AND WE CAN BENEFIT FROM THEIR SHORT COVERING.
PARTIAL PROFITS MUST BE BOOKED AS THE TRADE GOES IN THE FAVOURABLE DIRECTION.
KINDLY TRADE AT YOUR OWN RISK.
GOOD LUCK ^^
TATAMOTORS - SHORTCNXAUTO remains heavy and within that TATA Motors printing the medium term cycle peak around the 180-190 area. Now ideally if we assume NIFTY capped 13780; AUTO would participate in the downside momentum. Short with stop 181 (one can add any rallies). First take profit is 165 and then 157 (out side chance of 148).
Tata Motors - Bullish interms of the patternTata Motors is following a good pattern as you can see from the charts(Pattern from the march lows) and it is good to go for the long term.
The support and resistance with a long term and short term view are shown in the chart. It is bullish until and unless it breaks the major supports-170 and then 158 until then it is good to accumulate. The first major resistance or the target is at 195.45.
Disclaimer: Please check with your analysis before investment- It is for educational purpose only and solely based on my view.
Tata Motors standing over a support zonesThe previous resistance of 176 price zone on Tata Motors charts will act as a support and 200EMA is also lying on the same level. A good positional buy trade entry can be made at the CMP with a low risk against a good rewards. ( RR ratio of 2.5)
(Note:- This is my personal views. Please consult with your financial advisor before taking trade.)
Tata Motor { D Frame Positional }Stock in uptrend in D Frame forming new higher Low's . Also it formed IB on Friday. We can both Long And Short ( Also take intraday, by proper
Entry in 15 m tf ). Rest is as per given in charts
Taat motors @ supportTata motors is forming a base @177. As per fibbonacci levels it is at 50% level of support. After a week of downtrend it may consolidate and move up further.
Just a logical study No buy or sell signal💯
Tata Motors - W Pattern (Uptrend)Tata Motors is showing a clear uptrend on a daily chart, a very clear W Pattern is visible which shows uptrend. You can take a buy for long term once is crosses its near term resistance level or near 200 DMA.
Tatamotors ViewTatamotors given break out on chart. Key level is 147.90. which is already breaked. Buy on dip simple.
Tata motors - Resistance at 188 is expected on 1 hour time frameResistance at 188 is expected no 1 hour time frame
Analysis For Tata Motors Buy above 155Hello all, here I have formed one support and one resistance area. If the stock breaks the resistance area and moves up 155 and gives a close above 155, then you can buy.
Tata Motors - Intraday Trade SetupTata Motors CMP - 183.60
Looking bearish in higher time frame. One can go for Intraday Trade setup with the following entry, exit & targets
Sell at or Below 182 / Stop Loss - 186
Target 1 - 180
Target 2 - 178
Target 3 - 175
Disclaimer: This is my view and for educational purpose only.
TATA MOTORS CHART LOOKS GOOD...GOOD FOR BUYING AT THIS LEVEL..WITH MARKET CAP - 55,929Cr. rupees ONE OF THE HEAVYWEIGHTED STOCK...
CMP : - 169
TGT : - 176/180/190/200++++
POSITIONAL... FOR ONE MONTHS....
STOCK IS TRADING AT 0.84 TIMES ITS BOOK VALUE..
FOR DETAILED INFORMATION READ OUR BLOG....
TATA MOTORS 4HRDaily Crab & 4HR Crab forming strong potential reversal zone at same level
Vertical dotted line is ULTRA HIGH VOLUME
ULTRA HIGH VOLUME for going SHORT we need LOW VOLUMES in the area of ULTRA HIGH VOLUME BAR
SET UP BECOMES VALID ONLY when RSI is below 70 and IF Price breaks ULTRA HIGH VOLUME Candle LOW with LOW VOLUMES & with NO DEMAND l.e place for short
POTENTIAL SELL
TATA MOTORS LTD Daily Bearish Crab
Ultra high volume up bars - trap of Smart Money , Higher volume- Professionals are selling into the public buying
Spreads are getting narrow
SET UP BECOMES VALID ONLY when RSI is below 70 and with low volumes & with NO DEMAND l.e place for short
POTENTIAL SELL
TATA MOTORS: BULLS MAY SPEED UP TO 200TATA MOTORS HAS FORMED BULLISH CHART PATTERNS ON DAILY AND H-1 TIMEFRAME, THERE ARE MULTIPLE CONFIRMATIONS WHICH SUGGESTS STOCK MAY RALLY UP TO INR 200 MARK IN MEDIUM TERM (1 MONTH).
DAILY CHART
DAILY CHART HAS FORMED ASCENDING TRIANGLE ON DAILY CHART, WHICH HAS GOT CLEAR BREAKOUT TO THE UP SIDE, SUGGESTS IT MAY RALLY FURTHER TO THE NORTH.
HOURLY CHART
LOWER TIME FRAME (60 MINUTES) HAS FORMED BULLISH FLAG PATTERN, WHICH ALSO GOT BREAKOUT TO THE UP SIDE, ALSO ADDS CONFIRMATION ON BULLISH BIAS ON STOCK.
TARGET CONFIRMATIONS
1) INR 200 IS PROJECTED TARGET AS PER BULLISH FLAG BREAKOUT PATTERN, WHICH IS ALSO PSYCHOLOGICAL ROUND FIGURE NUMBER.
2) 1.618 EXTENSION OF FLAG POLL ALSO SUGGESTS TARGET PROJECTION AROUND 200 MARK.
3) DAILY CHART HAS ALSO GOT SUPPORT & RESISTANCE AROUND 200 MARK, SO THAT MAY ACT AS MAGNET THIS TIME ALSO.
SO, WAIT FOR STOCK TO RETEST HOURLY FLAG RESISTANCE AREA AROUND 172-176 FOR ENTRY REASON.
ENTRY: INR 172-176
STOP LOSS: INR 158.75
TARGET: INR 199
