TATAMOTORS breakout 14% MOVE UPSIDETATAMOTORS has given a breakout and retesting nice entry opportunity to enter
REASON TO ENTER
1. Breakout
2. High volume
3. Retesting
I HAVE EXPLAINED EVERYTHING ON THE CHART FOR MY VIEWERS SO THEY CAN EASILY GRAB THE OPPORTUNITY
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TATAMOTORS trade ideas
TATA MOTORS DAILY TIMEFRAME BREAKOUT TATAMOTORS has broken a crucial resistance of Rs 460-466. if sustains above this can ascend to 504.
After break out this has come for retest.
High probable that this would sustain as this range is being tested for 5th time. If this resistance is broken than this will act as support.
TATA MOTORSHello and welcome to this analysis based on Harmonic Trading Patterns
In the daily time frame it has made a Bearish Harmonic ABCD pattern with perfect balance symmetry.
It could retrace down to 440 - 430 as long as it does not trade above 461
As per Option Data also July Series 460CE is seeing fresh shorts being added and 440PE is seeing short covering. While August Series 460CE has already formed a very strong OI resistance with more being added currently.
RESISTANCE BREAKOUT AND RETEST ANALYSIS...im excited to see the what actually happens with this in the future. obviously i can be completely off, but at least i can consider myself fully accountable for this failed setup. Then again i could be completely right here and thats why im not calling out anything yet. iam very confident regardless of what happens...
Happy Trading !!!