Tatamotors
Super Bullish with Runaway GAPTataMotors has been in uptrend for a while and for last few days it has become super Bullish. Today it opened with a runaway GAP. It seems smart money wants to take it much much higher with in a short period of time. Something has been cooking with in the company that smart money know but it has not come out as news for general public and retail investors.
GAPS are created when smart money doesnt want to pay its Toll on the road while taking a stock higher. Retail investors can take advantage of this gap to enter at market price and hold this position for long term. Just jump the wagon while its still slower to ride the rally.
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice. All Disclaimers Apply.
TATA MOTORS as on 10.10.2021A GOOD CONSOLIDATION WAS SEEN IN TATA MOTORS!
BREAKOUT DONE!
Volume was also quite awesome!
Can make a retest and then move!
50 EMA AND 200 EMA giving a good support to stock!
Previous target of tata motors was hit within a month!
TARGET PRICE= 440/442
STOP LOSS=354/350
(the above analysis is only for study purpose do not take it as any buy or sell call)
TATAMotors ShortTerm Trade & Long+Mid Term Investing OpportunityStock broke down in the previous triangle pattern due to news regarding chip deficit and is nearing the strong support zone around 285 RS. It may find support and undergo a reversal rally within the current prize channel or breakdown causing further crash. Brokerage Houses around the world are bullish on the stock. Stock is good for traders to enter or for long term investors to enter as this price acts as a strong support zone preventing further downside with upward potential.
Enter The Stock after confirming support around RS 280-290.
Target Price - RS 338-355 (Near the Resistance for *Traders*) (*Investors* Can Hold on to the stock without exiting the trade for medium to long term investments)
Stop Loss - RS 260-250 supported by strong support and 200 EMA below (For *Traders*)
Risk Reward Ratio for Traders - 2:1
DYOR before taking action. No Trade can be 100% Successful. Position Sizing Is Important.
Also note for investors - This is not a Investment recommendation. It is just a good price level to add up stocks or newly invest into TATA Motors due to technical situation of the stock.
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