TATAMOTORS trade ideas
Tata motors short term tradeTata motors is continuously breaching the technical patterns..just because of low volume even the good breakout result in strong bearish pattern for short term. Here is my trade for tomorrow.
Flag pattern on 15 min timeframe for the target 440-441 with stop loss 433. Even this stop loss can act for 4hr time frame as well.
2.5 Risk reward ratio.
Always trade momentum with price action.
TATA MOTORSThe idea is based on the Elliott Wave Theory. The long term bullish cycle has started from March 2020, and after a 5 wave (impulsive) rise, the price is now correcting (WXY correction). The level of 300 is crucial as it is a strong resistance and also coincides with the 50% fib. retracement.
something interesting is happening in . TATA MOTORS is to be included in sensex from 19 dec 2022 and the previous last trading day had some huge activity in last 5/10 mins volume is huge in the last last trading day before it is to be included in sensex
i do feel it can be trading near 500 levels in january 2023 lets see