Tatamotorslong
#Tata Motors - Turn Around? @TataMotors #tradingviewTata Motors is likely to have left the downward trend that has persisted for the past 5 years and thus achieved an overriding trend change.
Even if the market environment is difficult, the stock market is buying the future. India is a huge market.
Please also use the attached view from 2018 to get an even better overview.
Patience is a virtue.
Greetings from Hannover
Stefan Bode
TATAMOTORS - Near Imp levelsTATAMOTORS - Near Imp levels
It has been trading in a narrow range for the past many weeks.
And Previous price action looks quite good, hence holding 124 - 127 levels, which can take stock towards 190- 200 levels.
Trade type: positional support trade
Trade at your own risk.
Symmetric Triangle breakout Done - PSAR Bullish nowSymmetric Triangle breakout Done Today.
Stock strikes with High increase in Call and Put OI and Aggressive New Long position buildup.
PSAR is showing Bullish while stock Relative strength is increasing.
Showing BULLISH in all indicator:
CCI is Treading UP
RSI is Treading UP
Stoch is Treading UP
PSAR is showing Bullish
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Support : 100 and 95
Breakdown : 107.5
CMP : 109
Breakout : 111
Short Target : 115 and 120
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(Disclaimer: This is only for educational purpose.)
TATA MOTORS | Bull pennant formingHey guys, it's been a while since i posted. I have been working on a project lately and thus have been occupied. Will try to post regularly from now on.
There seems to be a bullish pennant forming on the chart.
Buy here for a good RR ratio.
Price most likely won't drop below the trend line as its been maintaining above it for a very long time now, indicating it as a strong support.
Target is 117. (17%)
Thank you!
Position: Invested Tata Motors Ltd at ₹ 83.5Goodluck Capital Investment Advice
Buy Tata Motors Ltd (NSE: TATAMOTORS)
CP# - 83.8
Buy Range - 80-85
Target - 200-220
Duration 1.5-2 years
Potential Return^ 150-170%
# Closing price on May 14, 2020.
^ Potential returns are calculated based on the median of buy range.
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.
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.