Tatamotors
TATA MOTORS as on 30.08.2021FORMING A DESCENDING TRIANGLE PATTERN!!
200 EMA GIVING A GOOD SUPPORT!!
If breaks up then can retest at 306 and can have our target price to 349/359!!
IF breaks down then do check up breakout volume both side and can give a good short trade for intraday!!
STOP LOSS=294/287
(THE ABOVE ANALYSIS IS ONLY FOR STUDY PUROSE DO NOT TAKE IT AS ANY BUY OR SELL CALL!!)
TATAMOTORS The auto sector looks weak for a while now because of the low demand in pandemic and it will surely emerge from it when everything will be in order.
So TATA motors is also having bad times as you can see on the chart, breaking all its support. buts there is something interesting happening in the company which is looking promising .
First, have a look at the negatives.
1. Company is losing its market share in CVS and buses segment.
2. Chip shortage is looking serious.
3. Increasing debt up to 142,131.
4. The company has delivered a poor sales growth of -1.76% over the past five years.
Now let's see what good is happening.
1. Record order bank of 110k units at 30th June of JLR amid chip shortage
2. JLR through its REIMAGINE initiative aimed to achieve clean mobility and connectivity by 2025.
3. In INDIA tata motors achieved 10% quarterly market share after 9 years.
4. Nexon (CUV), Tiago (Mid-Hatch) , Altroz (Premium Hatch) are ranked number 2 in
their respective segments.
5. EV penetration is at 3% of the portfoilo.
6. Currenty leading INDIA's EV story.
TECHNICAL ANALYSIS: Stock is between R284 and S260 . currently, it is 20% down from its recent high and may it will fall more to 260 level which is a very strong supply zone.
CONCLUSION: Chip shortage and effects of the pandemic will be gone after few quarters and as far as debt is concerned, yes it can hinder the growth of the company.
But those good things will definitely help in increasing the valuation of the company if all goes well.
Trend meets its trend lineprice was doing great but since it made double top it was in a bearish trend.
this bearish trend meets its support near lower trend line. than it got coronavirus reset since than it is in bullish trend
this trend reversal started near white lower trend line has reached upper white trend line.
what next for price from here ?
it has made its 50% retracement of bear market
price is testing upper trend line which has made fake breakout near blue arrow inside yellow ellipse than breakout than retracement back to trend line before making double top. which increase the importance of this upper white trend line
bulls buying at the bottom taking profit at 50% and upper trend line
price at the upper trend line of blue channel
bullish breakout or retracement from here
Asset for Future. CMP 311. After a huge hiccup from chip shortage for more than 2 months, tata motors has shown great recovery from past few days. Right now it is at very strong resistance zone, Tomorrow , 16/09/2021, if it breaks 312 price point with good volume then its a big buy to grab and hold for the future, This is strictly for investment.
TATAMOTORS DAILY TIMEFRAMESNIPER STRATEGY
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TATAMOTOR RETAILERS CAUGHT ON HIGHER LEVEL IN JULY -2021 HOW???In any stock breakout is very important, At the day was in july where TATAMOTOR fallen 10% and hit the LowerCircuit, That level was unexpected it has did breakout for UC and suddenly on fall has destroy all analysis.... We should be learn from this never enter in opposite direction breakout in any scripts..... Example is here where as intraday trader has did how much big loss and If i think about Option buyer trader..... I can't say what he/she felt.... Witout SL peoples ki to baaat hi kuch aur hogi.... So ultimately We should learn here Opposite breakout, Skip that stock.... And SL put surely.... Target bad me rakhna pehle SL rakhna Zaroori hai.
Sabse badhia baat bataye to inidcators ne pehle hi sanket de diya tha ki ye bearish trade hai bullish breakout consider kar hi nahi sakte hum.
#Education_purpose_only
#Learnfrompasthistory
#Biggestfallintatamotorsinjuly
#history
#Learnbeforeearn
TATAMOTOR On Hourly TF. (#For_education_purpose_only)
Tata motor major resistance and support drawen on chart.... Don't short immediately because it comes in bullish trend recently did breakout on last trading session.... wait for movement.... Safe traders should watch this and learn only don't try to earn immediately, it's risky movement for intraday traders.......
No long, No short..... But if break levels .... There'll be booom.......................
#All_the_best
TATAMOTORS - Watch Tatamotors - after 9 months trading in the range - at the verge of BO on lower channel.
From past 3 days - supply is low, trying to reverse from the bottom channel.
Below 50 and 100 EMA's and just above 200 EMA.
Incase if breaks we should see good downside.
Add to watch list - trade only after own analysis.