TATAMOTORS trade ideas
TATAMOTOR 1H chart Bear countStructure is bearish until it takes out 528, until then will stick to this bearish count. we are seeing wave 4 retracement more than 0.5 which is okay since wave 2 retraced only 0.382, applying alternation rule for this count.
If this plays out, it's going to be choppy for next few trading sessions before it reaches 425. let's how the price action goes on this proposal.
TATAMOTORS Gap fill at 435.7 is coming in my opinionLooks like TATAMOTORS is going to fill the gap at 435.7 in the current leg down (Earnings around the corner). After we might see
bounce to 485 levels. Let's see how this plays out.
Bullish If this bounces from current level and takes out 540 then all time high is possible. Earnings might determine which direction i's going to take.
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TATA MOTORS TECHNICAL ANALYSIS TECHNICAL ANALYSIS OF TATAMOTORS:-
*This stock is trending in upward direction and trying to approach a new HH.
*Forming a raising wedge pattern on the weekly timeframe.
*As of now there is a consolidation forming a bull flag on daily.
*Major resistance ahead at previous ATH as mentioned it as red horizontal line.
*Taking this whole picture into consideration trade and invest accordingly
----THIS IS NOT A FINANCIAL ADVICE JUST AN ANALYIS AND ONLY MENT FOR EDUCATIONAL USE ONLY-----
TATAMOTORS TECHNICAL ANALYSIS TUTORIAL TECHNICAL ANALYSIS OF TATAMOTORS:-
*This stock is trending in upward direction and trying to approach a new HH.
*Forming a raising wedge pattern on the weekly timeframe.
*As of now there is a consolidation forming a bull flag on daily.
*Major resistance ahead at previous ATH as mentioned it as red horizontal line.
*Taking this whole picture into consideration trade and invest accordingly
----THIS IS NOT A FINANCIAL ADVICE JUST AN ANALYIS AND ONLY MENT FOR EDUCATIONAL USE ONLY---
TATAMOTORS This stock has given breakout with good intensity of volume, also as per waves this stock is possibly in wave 3 of some higher degree impulse.
Breakout with good intensity of volume
Macd in daily positive crossover and Uptick and also above zero line
Macd in hourly positive
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult your Financial advisor before trading or investing