Tatamotors
TATAMOTORSNSE:TATAMOTORS
WAIT FOR A STRONG CLOSE ABOVE THE TRENDLINE !
IT SHOULD BREAK THIS TIME .
One Can Enter Now ! Or Wait for Retest of the Trendline (BO).
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
TATAMOTORS-At all time high, Continue or Reversal ??Observations:
-------->>After a strong bullish gap up price moved to upside strongly, to reach the All time high, if price is sustained at this levels or falls below to the lowers.
--------->> Now price is at Resistance ,Strong fall is observed from this levels ,previous resistance.
----------->>previous resistance broken strongly. If previous resistance acts as a support we will expect a price to move upwards again from 490.
---------->> Keep an eye on these levels.
Watch these levels. carefully
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--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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Please note that any trading updates provided here are for educational purposes only, and it is always advisable to conduct your own research before making any investment decisions. It is important to ensure that all conditions are met before following any trade plan suggested in this update.
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.