TATAMOTOR CLASSICAL BREAKOUT The price taken support at support zone+ CIP level and moved again towards the upside level and price finally breaks the downwards trendline channel where price was taken resistance again and again. Volume also increasing of breakout candle. If price sustain above the breakout zone than price can move sharply towards the upside. The support zone is 400 and targets will be 492/512/533 possible towards the upside level.
Tatamotors
TATAMOTORS--Ready to fall ??Observations:
-------->>After a strong bullish gap up price moved to upside strongly.
--------->> Now price is at Resistance and sellers are aggressively taken the charge to move the price back to 440 zone, where previous resistance
broken strongly. If previous resistance acts as a support we will expect a price to move upwards again from 440.
--------->> Consolidation+ Rise is observed.
---------->> Keep an eye on these levels.
#TATA STEEL... 11/05/23#TATA STEEL... ✅▶️
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a huge movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
Multi Months Consolidations BreakoutLarger the consolidations Stronger the Breakout . Swing Low act as a Stop Loss
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TATA MOTORSThe idea is based on the Elliott Wave Theory. The long term bullish cycle has started from March 2020, and after a 5 wave (impulsive) rise, the price is now correcting (WXY correction). The level of 300 is crucial as it is a strong resistance and also coincides with the 50% fib. retracement.
something interesting is happening in . TATA MOTORS is to be included in sensex from 19 dec 2022 and the previous last trading day had some huge activity in last 5/10 mins volume is huge in the last last trading day before it is to be included in sensex
i do feel it can be trading near 500 levels in january 2023 lets see