Tatamotors
TataMoters on weekly time Frame work
Security/Script: TataMotors .Equity (NSE India)
Pattern Formation: Inverted Head and Shoulder
Time Frame: Analysis on Weekly time frame
Range of estimation: 240
Pattern confirmation: Neckline breakout
Entry Level: Neckline
Strategy: BUY on dips Near neckline level
Risk: Right shoulder of pattern 160 (-20 Points)
Rewards: 220 (+35 Points)
A FLAG PATTERN NOTICED IN TATA MOTORSA flag chart pattern is a technical analysis term referring to a chart pattern that gets created when a steep rise is followed first by trading in a narrow price range and then finalized with a second steep rise.
If a rise precedes the "flag", then a rise is likely to follow it.
Flag chart patterns are short-term continuation patterns that are formed when there is a sharp price movement followed by a sideways price movement.
This pattern is then completed when another sharp price movement heads in the same direction as the move that initiated the trend. Flag chart patterns are usually short lived, lasting generally between one and three weeks.
Buy Tata Motors - if you can catch below 165
TATA MOTORS WILL MOVE FROM 126.85 TO 120TATA MOTORS HAS STARTED UPTREND FROM 106....BUT NOW IT HAS FORMED A UPTREND CHANNEL ...AND PRICE MOVING INSIDE THE CHANNEL..
AS PER ANALYSIS..NOW CMP IS 126.85 POSSIBLE TO MOVE DOWN TILL 120 TO 119 FOR THE NEXT COMING WEEK AND IT WILL START BOUNCING FROM 119-120 TO UPTREND 150 BY NEXT MONTH....WILL SEE......
Positional Trade - 7.5R opportunity on #TATAMTRDVR #Stock - Bounce from Support
- Breakout & Retest of falling Down Trendline confirmed
- SL / invalidation level 1ATR below recent LOWs.
Tata Motor Diagonal Triangle in play? Decent RRA diagonal Triangle pattern may be on verge of completion in Tata Motors. Diagonal Pattern is a reversal pattern that leads to prices completely reversing the distance traveled by the pattern. The pattern has been traced between 192 and 163.5. We may expect the prices to move back to 192 level once the pattern completes and prices breakout.
The time taken to reverse the pattern is usually 1/3rd to 2/3rd times the time taken to trace the pattern. Based on this we may expect this reversal to be complete between June 17-21.
A break below 159 may invalidate the pattern.
It may be a good idea to buy Tata Motors around 165-166, with stop loss of 159 for target 192.
Conservative traders may wait for 170 to break before entering the trade, the stop can be placed below the low created before the break of 170 level.