TATAMOTORS trade ideas
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!!
TATAMTRDVR FORCAST UPDATE / SELL- on the daily chart : today's strong red candle breaks the level
- personal opinion : this could be the continuation of the downtrend
- best move : SELL
TATAMTRDVR FORCAST- on the weekly chart : reaching a level and rejecting it going downwards
- on the daily chart : rejecting the level and making a slight pulback that ended with rejection also
- personnal opinion : the price got a 90% chance of going down
- best move : on monday keep a look out for the price breaking the VWAP in a bearish movment , when that happens go in as sellers . if it didnt then do nothing until the price get away from the 2 levels
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;
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BUY: TATA MOTORS
Trigger price-442
TARGET:-452-457
SL:-432
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} HAPPY TRADING
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