Tatamotors
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)
A FLAG PATTERN NOTICED IN TATA MOTORSA flag chart pattern is a technical analysis term referring to a chart pattern that gets created when a steep rise is followed first by trading in a narrow price range and then finalized with a second steep rise.
If a rise precedes the "flag", then a rise is likely to follow it.
Flag chart patterns are short-term continuation patterns that are formed when there is a sharp price movement followed by a sideways price movement.
This pattern is then completed when another sharp price movement heads in the same direction as the move that initiated the trend. Flag chart patterns are usually short lived, lasting generally between one and three weeks.
Buy Tata Motors - if you can catch below 165
TATA MOTORS WILL MOVE FROM 126.85 TO 120TATA MOTORS HAS STARTED UPTREND FROM 106....BUT NOW IT HAS FORMED A UPTREND CHANNEL ...AND PRICE MOVING INSIDE THE CHANNEL..
AS PER ANALYSIS..NOW CMP IS 126.85 POSSIBLE TO MOVE DOWN TILL 120 TO 119 FOR THE NEXT COMING WEEK AND IT WILL START BOUNCING FROM 119-120 TO UPTREND 150 BY NEXT MONTH....WILL SEE......
Positional Trade - 7.5R opportunity on #TATAMTRDVR #Stock - Bounce from Support
- Breakout & Retest of falling Down Trendline confirmed
- SL / invalidation level 1ATR below recent LOWs.