Only for education purposes and Bullish heroes- Check the weekly trendline before going bullish on this
- some might say that this could be a breakout but there's a head and shoulders patter in 3 hrs frame
- wait for a move and then enter or exit from this
- most of the patterns are showing a bearish trend only
- this is just my opinion
Tata
TATA MOTORS | Bull pennant formingHey guys, it's been a while since i posted. I have been working on a project lately and thus have been occupied. Will try to post regularly from now on.
There seems to be a bullish pennant forming on the chart.
Buy here for a good RR ratio.
Price most likely won't drop below the trend line as its been maintaining above it for a very long time now, indicating it as a strong support.
Target is 117. (17%)
Thank you!
TATA POWER | Long it or REGRET!
TATA POWER Formed a bullish butterfly pattern on the Weekly as you can see in the chart!
[*} Easy trade till the 0.382 retracement. Beyond that its your risk. Sell in the red box!
The MACD is also turning bullish with a crossover. Easy 25% Targets!
If you like my charts please leave a like below, so that i get encouraged to post more. Thank you :)
Tata Chemical E waves + Price action breakdown !!The location of trading activity. At the end of the chart, on the Upper right, we can see that the trading activity moves in the bottom, part of the value area, between the control and the value Low. This is uncharacteristic for an Uptrend. Additionally, the price rotations are becoming narrower, it is starting to rotate between the control and value low. In an Uptrend, when price rotations become small and they happen in the Lower part of the value area, the trend is most likely to end. The narrower the rotations, the bigger the break of value will be. Why is this? Because the market is becoming too efficient in facilitating trading between buyers and sellers.
Sell Below : 290 Target 284-276-260-240 Possible even
Thanks
TataMoters on weekly time Frame work
Security/Script: TataMotors .Equity (NSE India)
Pattern Formation: Inverted Head and Shoulder
Time Frame: Analysis on Weekly time frame
Range of estimation: 240
Pattern confirmation: Neckline breakout
Entry Level: Neckline
Strategy: BUY on dips Near neckline level
Risk: Right shoulder of pattern 160 (-20 Points)
Rewards: 220 (+35 Points)