TATA MOTORS S/R for 26/12/23Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities.
Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities.
Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level.
Keltner Channel:
The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions.
Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend.
Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend.
Disclosure: I am not SEBI registered. I just wanted to let you know that the information provided here is for learning purposes only. Please consult your financial advisor before making any decisions. Tweets neither advice nor endorsement.
TATAMOTORS trade ideas
TATA MOTORSTata motors looking very bullish at this level. Showing awsome strength after crossing all time high. now very low risk entry on this price level.
Buy above 630
SL 610.
it has gud potential upside target. follow strict sl & proper risk reward ratio. this is the only holy grail in the market.
Can $NSE:TATAMOTORS Will test 695 Level ?Dear Followers,
I hope you're doing well. I wanted to share a brief update regarding the short-term trend of the stock NSE:TATAMOTORS I have been monitoring.
Currently, the stock is experiencing a downtrend in its short-term price movement. My analysis indicates that market conditions and recent price action suggest a period of declining prices. This information could potentially be useful for your investment / hedge strategy.
If Stock Break 705-703 level then possibly we can see 698-695 level so if you are ready to take Risk then I have 2 Strategies For Month Of November Series that we can Deploy.
1) Buying an Option
Strike Rate= 705 PE
Buy Price= 17.50-18
Stop Loss= 15.50
Target = 22,24,25.50
Time Frame 4-6 Days
Investment = 25600
maximum Loss= 3600
Profit Upto = 10700
2) Hedge strategy
Stock Name- NSE:TATAMOTORS
Future Entry Level - Sell Near 710-709
Future Stop Loss Level- 716
Future Target Level- 703,700
Option Level- Buy 705 CE
This message is for informational purposes only and should not be considered financial advice. It is crucial to conduct thorough research or consult with a financial advisor before making any investment decisions. We do not guarantee the accuracy or completeness of the information provided.
TATA MOTORS can give big Thrs a 5% upside rally in this stock, consolidation can be seen for some time, if breakout then one can buy CE and make good profits, otherwise wait for breakdown then plan your trade. Can buy PE that time.
Cash Buy - above 670 ( do part buy ) some at retest SL - 661 Tgt - 698
Tata Motors on Weekly Chart Looking Good for Mid Term InvestmentAre you looking for a Breakout Stock? It's right here.
What - Tata Motors on Weekly Chart
Why - Just Broke Out of Resistance.
How - I used Fibonacci Retracement to spot Exact Levels.
What's your view on this? Please share.
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Hope this post adds valuable insights to your trading/investment journey.
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Disclaimer:
Please note that this is only for Study Purpose and not a recommendation.
So please do your own research before investing in market.
#BreakoutStock #TradingStrategies #StockMarket #Nifty #chartpatterns #indicators
TATA MotorsCurrently, Tata Motors is in the channel support zone. We have two possibilities.
1. If the stock breaks the support line. Then it will touch the orderblock.
2. If the stock breaks the inside symmetric resistance line with a strong bullish candle. Then we can go for buy.
But
Yesterday, Tata Motors emerged victorious in the Singur case, securing an arbitration award of 766 crores and 11% interest. Typically, when a company prevails in legal disputes, it tends to foster a positive outlook among investors regarding the company's prospects.
Next, the company acquires additional funds through a different set of assets, leading to a positive sentiment being expressed. TML gets a compensation of 766 cr + 11% interest, which means around (1100 crores approximate).
Let's see some examples of when the company wins a court case and what stock price will happen when a company gets additional funds.
E.g.)
Zeel - Aug 10 (INDIA TRIBUNAL DISMISSES ALL OBJECTIONS IN SONY-ZEE MERGER CASE - CNBC-TV18) After that stock went more than 20%. .
Bombay dyeing - 13 Sep (India's Wadia-owned Bombay Dyeing to sell land to Japan's Sumitomo for $627 mln.) The next day, the stock gap was up at 10%
So TML has more potential to go high.
But do your proper analysis and then you decide.
Note: This is only for educational purposes.
IMPORTANT LEVELS FOR THE MONTH OCTNSE:TATAMOTORS
I have marked all the important levels for this month,
Levels are easy to understand and try not over complicate it.
Until we see a crash or big negative news , entry on dip will be the strategy. My view is on the up side and profit booking on the higher levels.
Use these levels with you trading strategy and experience.
Whether you want to buy or sell just takes the trades near or at the levels so that you can have advantage of minimum stoploss.
All the best folks!
TATAMOTORS - Elliott Wave CountTATAMOTORS - Elliott Wave Count
Tata Motors appears to be ready for a bearish move towards 590. The market seems to have completed the irregular Wave B, and we can now expect a Wave C with a target of 590 and below. It is important to note that if the market crosses above 678, which is our Stop Loss (SL), the current view will be considered invalid.
It is crucial to exercise caution when trading and keep in mind that this information is for educational purposes only.
NSE:TATAMOTORS NSE:TATAMOTORS BSE:TATAMOTORS NSE:TATAMOTORS1!
TATA Motors DVR Chart Analysis on weekly time frameTATA Motors DVR trading near breakout level keep on radar above 444
Tata motors again ready for upside move On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit