Tatamotors
TATA MOTORS :: LONG TERM :: EW and HARMONICSHello,
Here, I am presenting long term view for NSE:TATAMOTORS .
I have used Elliot Wave and Harmonic pattern here. I am still beginner and currently in learning phase.
Note: This post is for educational purpose only and do not provide any kind of buy/sell recommendation. Kindly consult your financial advisor.
TATAMOTORS 1W TF LONGTATAMOTORS forming a double bottom pattern in Weekly TF.
It is good to go long in this stock as of now keeping SL around 360 levels and keeping targets of 520 levels.
Also people can add once it breaks the above zone of 460 levels. But the SL in that case would increase.
Trade safe. Manage risk. Be profitable.
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Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
Tatamotors Levels... 23.05.2022 (D Candle)TATA MOTORS now in exact trend line support (sell trend) and golden range at Fibonacci also, so good opportunity to take put on next month near ATM of 400 put ,its only for educational purpose only do your own research before invest.
Note: SL 9 Daily candle closing basis
TATA Motors Trend AnalysisA potential reverse Head & Shoulder pattern is forming.
Fundamentals are not good but technically if this pattern plays out then it can hit 960 or even 1000 level as its technical target.
Currently price is moving inside a descending channel.
Expecting support to be around 300 level.
In worst case it may fall to 200 level (very unlikely)
Better to enter around 300 level for the following targets:
1) Medium term swing target @ 590 (96.5% ROI with 8.25 R:R)
2) Long term positional target @ 960 (220% ROI with 18.8 R:R)
Stop loss is a must @ 265
For low risk entry you can enter at the break out of descending channel.
Kindly do your own due diligence before taking any action.
Peace!!
INTRADAY FOR TATA-MOTORS.....!#THURSDAY>
<#INTRADAY>
NSE:TATAMOTORS
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Why TATA MOTORS ???
VOLUME during closing hours is high...;
in last one and half hour more than 7 millions shares have been bought;
good news towards the manufacturing of semiconductors and even e-chips;
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BUY: TATA MOTORS
Trigger price-442
TARGET:-452-457
SL:-432
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} HAPPY TRADING
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