TATAMOTORS trade ideas
22) LOOKING BULLISH @BUY AT - 147 , SL - 137Long term survival is a more important thing to consider in trading than short term profitability
Tata motersIntraday bases 1st analysis
if tatamoters open gapup but fail to breach new high of 154-155 then its higher possibilty that uptrend having a problem and downtrend is stated..
but if it breaches new high then uptrend may continue
rt now tatamoters is in uptrend nd correct itself a littlebit upto 135
it maybe a turningpoint let see on monday what happen
Intraday stock selection for 7/9/2020KEY TAKEAWAYS
An ascending channel is used in technical analysis to show an uptrend in a security’s price.
It is formed from two positive sloping trend lines drawn above and below a price series depicting resistance and support levels, respectively.
Channels are used commonly in technical analysis to confirm trends and identify breakouts and reversals.
TATA MOTORS : 09 SEP 20 : WHAT AN IDEA WHAT AN IDEA SIR,
SEE ALL MY PUBLICATION, IF IT SEEMS TO GIVE BOTH KNOWLEDGE AND PROFIT, THEN LIKE, SUBSCRIBE AND SHARE WITH YOUR NEAR AND DEARS.
MY SINCERE THANKS TO MY MASTERS TRADING PANTHULU, NAYAN POKARKAR AND THE DAY TRADER TELUGU.
POSSIBLE SHORT TERM TREND REVERSAL IN TATA MOTORSHi Traders,
Tata Motors has broken our golden zone with confidence, and is now testing a key level of trend reversal at 141.85. If the day close below 141.85 levels our short term bias on this stock will be bearish and we will be looking for shorting opportunities. If the close is below 141.85 we will have new resistance levels. New levels will be updated in post market hours if we have a trend reversal.
Pls like and follow for more analysis.
Happy Trading......
Tata Motors share can buy and holding positionTata Motors share we can buy more share as per chart showing. Tata Motor is a very good company.
INTRADAY ANALYSIS - TATA MOTORSHi Traders,
Tata motors is in an uptrend as per 50 SMA in multiple time frames. The price made a higher high confirming a short term uptrend. We have support at 151.20 and 148.70 respectively. We have the golden zone between 146.70 and 144.70.
The golden zone is a strong zone as there is price action on the left and is a major key level according to higher time frames. We dont recommend a blind entry at these levels.
A chart pattern like double bottom or inverted heads and shoulders forming at these levels in lower time frames like 1m can be considered as a confirmation for entry.
The target and stop loss can be placed according to the pattern that gave us the confirmation.
For any doubts regarding this trade setup pls comment below.
Hitting the like button will be appreciated and follow for more analysis on indian stocks.
Happy trading.....
