TATAMOTORSELLO GUYS THIS MY IDEA 💡ABOUT TATAMOTORS is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Seller from this area will be defend this SHORT position..
and when the price come back to this area, strong SELLER will be push down the market again..
DOWNTREND + Support from the past + Strong volume area is my mainly reason for this short trade..
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TURTLE TRADER 🐢
Tata
TCS touched its bottom, NOW go bull!!tcs has touched its bottom, as you can clearly see in the chart.
i have even said about macd which is also saying to go bullish.
previously i had posted on nifty IT, saying that it also has bottom itself, and will now move up.
tcs consists of about 25% of nifty it.
TARGET- 3800, TAKE A LONG SWING TRADE.
TATACONSUMER - Harmonic PatternThere is been a probability of Butterfly Harmonic Pattern on the weekly chart of TataConsumer Ltd.
Positive price action
Price should close above 815 levels on weekly chart, for this probability to unfold
If it unfolds, stock most probably is moving towards 950-970 levels in the coming weeks and months.
Good support at 750-760 levels
Type of Trade: Positional Long Trade
i would be buying on a dip and also pyramiding on the way up.
Tata Consumer_WeeklyTata Consumer Products is a fast-moving consumer goods company with its corporate headquarter in Mumbai, and is a part of the Tata Group. Its registered office is located in Kolkata. It is the world's second-largest manufacturer and distributor of tea and a major producer of coffee.
Only for educational purpose.
TATA STEEL www.tatasteel.com
India's largest steel co.
Tata group's second largest followed by tata motor ( JLR owner) and just behind leading IT giant TCS
Net Sales grown 16.56% annually and Operating profit at 51.09%
Low debt <20%, Commands high brand value
Presence pan India, Europe, South asia and only expanding.
Steel applications- Agriculture, automotive, engineering , construction, consumers goods etc
Fundamentals-
Its 2022, War is on in russia, west plays the sanction game, the world seeks for alternate players to supply.
India stands to gain.
If china moves next on taiwan, the game only accelerates for indian players, being a diplomatic ally of all with ease of trade and geographical advantage
Inflations at ath, commodities to only get expensive, oil trades on $118 on date, aiming 2008 recession levels.
READY FOR COMMODITY SUPER CYCLE ?
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Short term 1950
long term- 5 years, 5x multiple
Macro view -
Tata Power Breakout As you tata power make a inverted head and soulder pattern in lower time frame (15M). In 1hr time frame it is also V shape recovery.
This trade is for monday for day trading as well as swing if the structure is break.
Confermations (Buy if )
1) 200 EMA in 15M
2)break the stucture and marked resistance
3) Trend line break
And the target is Around 235
(Always do your own analysis)
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