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;
}
{
BUY: TATA MOTORS
Trigger price-442
TARGET:-452-457
SL:-432
}
} HAPPY TRADING
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Follow for More exciting trades.. @VK2413
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}
#TATAMETALI #TATASTEEL #TATAELXSI #TCS #TATACOMM #TATAMOTORS #IT#TATAMETALI
CMP 875
Target 1040
Sl 755
Time frame < 3 months
NSE:TATAMETALI
INVEST & HOLD NSE:TATAMETALI
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
CASTROLIND Next move around 30% in next 1 monthCompany is almost debt-free.
Company is expected to give a good quarter
Company has a good return on equity (ROE) track record: 3 Years ROE 51.80%
Company has been maintaining a healthy dividend payout of 76.95%
ABOUT
Castrol India Ltd is principally engaged in the business of manufacturing & marketing of automotive and industrial lubricants and related services.
KEY POINTS
Product Portfolio
The company manufactures and sells various kinds of oil lubricants and other fluids for cars, motorcycles, commercial vehicles and others.
Distribution Channels
The company's distribution network includes 350 distributors who service ~1 lakh customers and sub-distributors.
The company also serves ~3,000 key institutional accounts directly and from distributors.
Manufacturing Capabilities
The company owns and operates 3 manufacturing plants in India which are located in Patalganga (Maharashtra), Paharpur (West Bengal) and Silvassa (Union Territory).
Jio-BP Partnership
In July 2020, the company's ultimate promoter BP plc, and Reliance Industries Ltd started their Indian fuels and mobility JV, Reliance BP Mobility Ltd. BP has already paid RIL 1 billion USD for 49% stake in JV with RIL holding the rest 51% stake. The JV aims to become a leading player in India's fuels and mobility markets.
The JV has benefited the company as it began selling fuels and Castrol lubricants from RIL's existing retail outlets.
Strong Parentage
The company is owned by Castrol Ltd UK which is a globally trusted multinational brand.
Castrol products are sold in more than 150 countries and it is a preferred lubricants partner for Volkswagen, Audi, BMW, Komatsu and many other businesses.
It was acquired by BP Plc in 2002 which is one of the 7 oil supermajors in the world.
Royalty Terms
For the use of the brand "Castrol", the company pays Castrol Ltd, U.K. (promoter) royalty @ 3.5% on annual turnover subject to a cap of 10% on profit before tax (PBT).
It paid ~80 crores and ~112 crores in royalty to Castrol Ltd U.K. in FY20 and FY19 respectively.