TATAMOTORS Futures - Breakout in Progress | Sector Aligned | Dip Opportunity 720-728
Summary:
Multi-timeframe checklist confirms strong breakout and sector alignment in TATAMOTORS Futures. Current price is extended on higher TFs → optimal strategy is waiting for a dip entry into the 720-728 zone to capture next leg higher.
Checklist Review:
🗓️ Week & Month:
✅ Positive momentum, no falling MAs → Trend supportive
✅ Daily TF:
Squeeze breakout → ✅
Polarity shift → pending retest ~720-725 → likely test
RSI cross 60 → ✅
Wedge break → ✅
Relative volume → ✅
⏱️ 125min TF:
❌ RSI overbought (~90) → patience needed → wait for cooling / dip
⏱️ 75min TF:
⚠️ RSI high (~77), trend intact → ready to buy dip
⏰ 20min TF:
✅ RSI healthy
✅ Price above 1st 20min high
✅ CVD positive & rising
✅ Breakout volume supportive
✅ Sector aligned → Nifty Auto supports move
📊 TPO Profile:
✅ POC shifting higher
✅ Untested LVN zone ~710-720 → strong support for dip play
Trade Plan:
Ideal Entry Zone: ₹720–₹728
Stop: Below ₹710
Target 1: ₹755
Target 2: ₹780
Conclusion:
TATAMOTORS Futures offers a high probability dip-buy opportunity with sector tailwind. Patience for entry near 720-728 will offer best risk/reward. CVD & sector confirming trend strength.
Hashtags:
#TataMotorsFutures #NiftyAuto #BreakoutTrading #MultiTimeFrameAnalysis #FuturesTrading #PriceAction #TPOProfile #RelativeVolume #TradingSetup #LearningPurpose #ResearchOnly
Disclosure:
This idea is shared purely for learning and research purposes. It is not trading advice and I am not a SEBI registered analyst. Please do your own research and consult with a qualified advisor before taking any trades based on this post.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.