TATAMOTORS trade ideas
TATAMOTORS Tata motors has given breakout with good intensity of Volume in hourly time frame,
One can go long at these levels or in dips with stoploss of 293 for targets mentioned in chart.
All the key levels are mentioned in chart with Stop-loss and Targets.
Breakout with Good intensity of Volume
Key Levels are Mentioned on chart
Macd in daily positive crossover and Uptick
Macd in hourly positive crossover and Uptick and also above zero
Rsi in hourly above 60
Dmi adx positive in hourly
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Post Trade Analysis Tata MotorsGood in this Trade: Risk Reward ratio is good
My Sl hits at cost to cost but still manage to take some profit
I use volume and option data analysis to entry and exit from trade
What I Learn from that trade: some push are required for a trade fundamental or news based to push (Why is important)
What bad in this Trade: From my study I know 300 is resistance level still not close full trade while stock is up at that time
TATAMOTORS ;:: BULLISH :::DATE: 1 AUG 2021
INSTRUMENT: TATA MOTORS
TREND: BUY
TIME FRAME: DAY
CMP: 293.95
BUY ABOVE: 300
STOP LOSS: 283
TGT 01: 312
TGT 02: 324
TGT 03: -
INDICATORS FOR CONFIRMATION OF TREND
BOLLINGER BAND: BULLISH
PSAR: BELOW CANDLE
RSI: BULLISH
RISK DISCLOSURE:
We are not S E B I registered analysts. VIEWS EXPRESSED HERE ARE FOR OUR RECORD PURPOSES ONLY. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
TATAMOTORS - Near Imp levelsWe are seeing a #sell-off in tata motors post its quarterly results, it has posted a #loss of some 4000 crores in this quarter, the company is still a loss-making company, but it has reduced its losses compared to its previous quarter and is mostly moving towards the profitability in the coming future.
#Charts of tata motors look quite good since we have seen a move of a whopping 468% in the last 1 and a half years, a #correction is quite evitable and is also good for the next rally in the stock.
Currently, #tatamotors are trading near its weekly and daily #support zone of 290-260, hence there is a possibility of some temporary bounce back in the stock.
Reasons of possible bounce back
**Strong multiple timeframe support
**Daily Rsi is oversold: 23
**Hourly #RSI showing positive divergence
For Investors
If correction extended, lookout for price action near 214- 185 levels.
Tata Motors - SupportTata Motors @ good support level on daily chart any reversal candle on hourly chart today or tomorrow looking for swing trade.
Tata Motors Short Term ReversalEnter only around 290 - 280
SL @ 256
TP @ 335-339
Top Brokerage Houses in India have also recommended it
Tata motors touch near 250-260Tata Motors 3 times supports near 280, this time also here now what to next moves? I think if Tata Motors closes the price under the 280 daily chart then it can be breakdown point 260-250. NSE: TATAMOTORS according to small trading view buy 50@280 only 14k invest and level 260 when comes another 50 stock buy value 13k which can behold in portfolio long term basis that is my analysis for tata motors.
Thank you.
TATAMOTORS - Bulls Are Your Ready?Lets see how hard it bounces from here, currently on its c wave of a flat.
TATAMOTORS - Elliott wave analysis - CorrectionIt is in impulse drop as wave A from last swing high as five wave sequence finished. It is in 5th subwave of A wave drop and can go slight more downside before bouncing in B wave as ABC zigzag bearish cycle. It may form double top pattern.
TATA MOTORS flag pole pattern on important level [ keep an eye ]tata motors is at an important level currently according to daily chats
flag pole pattern suggests it is gonna be bullish
also the recent news about Indian gas ministry approaching opec about price hikes etc.
such news could provide a push for a good up move
demand of Tata nexon due to high fuel prices too could provide a greater edge
investment view:
tata motors is gonna lead ev sector in the upcoming time
even currently 3 off 4 are Tata ev with nexon at highest demand
TATA MotorsBullish negative divergence is seen on daily charts. Will be confirmed by an up-move from here.
Target - 400+ (30+%)
SL - 280
TatamotorsIt is in the support line and the target is the resistance trend line. The rsi is near 30.So it is a good opportunity to go long and make handsome profit.
