Tatamotors
Tata Motor Diagonal Triangle in play? Decent RRA diagonal Triangle pattern may be on verge of completion in Tata Motors. Diagonal Pattern is a reversal pattern that leads to prices completely reversing the distance traveled by the pattern. The pattern has been traced between 192 and 163.5. We may expect the prices to move back to 192 level once the pattern completes and prices breakout.
The time taken to reverse the pattern is usually 1/3rd to 2/3rd times the time taken to trace the pattern. Based on this we may expect this reversal to be complete between June 17-21.
A break below 159 may invalidate the pattern.
It may be a good idea to buy Tata Motors around 165-166, with stop loss of 159 for target 192.
Conservative traders may wait for 170 to break before entering the trade, the stop can be placed below the low created before the break of 170 level.
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