TATA Motors near Symmetrical Triangle Breakout - Level & TargetTATAMOTORS is moving upwards since 3 day after getting support from the trend line and now near to Symmetric Triangle breakout. On 3rd July 2020 Stock saw High Trade and Delivery Quantity that show positive sign and upward move.
Stock strikes with High increase in Call and Put OI and Aggressive New Long position buildup.
Showing BULLISH in all indicator:
CCI is Treading UP
RSI is Treading UP
Stoch is Treading UP
Closed above previous High
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Support : 100 and 95 and 92.70
Breakdown : 101.74
CMP : 103.45
Breakout : 107.5
Short Target : 110 and 115 and 120
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Negative Point:
1) ATR is decreasing since 3 day
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(Disclaimer: This is only for educational purpose.)
Tatamotors
Pullback in TATAMOTORS uptrend move from the trendlineTATAMOTORS is in uptrend for months now. One can see the beautiful uptrend on below daily chart.
On hourly chart its contracting in triangle pattern. In last trading session the stock got the rejection from the upper arm of triangle and started the pullback. The pullback is confirmed with the rejection from RSI overbought region. Go long once it touches the trend line and start a move up from the triangle.
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!
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