Tatamotors
Lots of consolidation finished, time to go LONGJust add long term calls and will work out big time. buy calls and sleep for 6 months.
Tata Motors - Bottom 1 or 2?Tata Motors has been in a prolonged period of consolidation since February 2015 and could have already completed this consolidation, or if the C of the Y expands, close the $ 10 to December 2018 downtrend in the next potential trend reversal area. To prevent the second target from being activated, the bulls must now show strength.
TATAMOTORS - SHORT TERM BUY WITH A TARGET OF 201 AND SL OF 172WAVE A ON THE UPSIDE FOR TATAMOTORS SEEMS TO BE A 5 WAVE SEQUENCE, WHICH CONFIRMS THAT TATAMOTORS IS MAKING A ZIGZAG CORRECTION. IN THIS CASE, THE B WAVE SHOULD IDEALLY NOT RETRACE MORE THAN 61.8% AND DEFINITELY NOT MORE THAN 79% AND THE C WAVE SHOULD AT LEAST TOUCH THE END OF WAVE A. THIS GIVES A SL OF 172.2 WITH A TARGET OF 201. A RR OF ALMOST 1:3
TTM (TATA Motors) ready to bounce?I am not sure if I want to wait for a retest of this area or just get into the trade now. R:R ratio is decent anyway
TATAMOTORS - BULLISH SETUPHi traders, TATAMOTORS is still Bullish. Don't miss this long.
As per my analysis, price action shall further move up to the below targets.
Entry: 302 (or) Entry @ CMP
Take Profit: 424 (TP1) & 546 (TP2)
Stop Loss: 180
Risk Vs Reward Ratio: 2
Go long the TATAMOTORS ; Good Luck