TATAMOTORS trade ideas
Tata is accelerating upward trendTata is accelerating upward trend
This chart shows the weekly candle chart of tata stocks for the past 4 years. The graph overlays the bottom to top golden section at the beginning of 2020. As shown in the figure, the 2021 high point of the tata stock was precisely suppressed by the 1.618 position of the golden section in the figure, and then moved out of the contraction triangle consolidation! After reaching the end of the triangle consolidation in March this year, the tata stock rose sharply and is about to hit the strong pressure of the 2.000 level in the golden section of the chart!
TATAMOTORS Breaks Resistance, Targets 700+TATAMOTORS has recently surpassed a significant monthly resistance, reaching a new all-time high. The formation of a strong bullish trend suggests that the rally might continue, potentially pushing the stock above the 700 level. This assumes that buyer sentiment remains robust.
Tata Motors (TATAMOTORS) Recent high break EMAs divergenceTata Motors (TATAMOTORS) Technical Analysis:
- Recent high break and strong trade line support at 618.
- EMAs divergence on daily timeframe, indicating potential bullish trend continuation.
- Immediate support at 572-579, target levels at 641, 674, 710, and 731.
Tata Motors is currently trading at 618, and there are several technical factors worth considering for this stock.
1. Recent High Break: The stock has recently broken its previous high, indicating a bullish trend and potential upward momentum.
2. Strong Trade Line Support: There is a strong trade line support in place, suggesting that there is a significant level of buying interest for the stock at this level. This support level adds to the bullish sentiment.
3. Daily Time Frame: The analysis is based on the daily time frame, which provides a broader perspective of the stock's price action and trends.
4. EMAs Divergence: There is an observed divergence in the Exponential Moving Averages (EMAs) on the daily time frame. This divergence indicates a potential shift in the stock's momentum and could signify a bullish trend continuation.
5. Support Levels: On the daily time frame, the stock has good support between 532 and 541, which suggests that if the stock were to retrace, it may find buying interest and potential support in this range.
6. Immediate Support: At the hourly time frame, Tata Motors has immediate support between 572 and 579. This indicates that on shorter time frames, the stock has a level where buyers may step in to prevent further declines.
7. Target Levels: Based on the technical analysis, the potential target levels for Tata Motors are 641, 674, 710, and 731. These levels represent potential price targets where the stock may encounter resistance or where traders might consider taking profits.
It's important to note that technical analysis provides insights based on historical price data and patterns, but it's not a guarantee of future price movements. It's recommended to use technical analysis in conjunction with other forms of analysis and risk management techniques when making trading decisions.
Tata motorsNSE:TATAMOTORS buy this share wll never disappoint you as everyone said old is gold and SEBI is already approved the #tatatechnology ipo and tata motors is holding 75 % of holding of tata technology so buy Tata Motors for long this share is ready for @700 in 2023. #tatamotors #tatatechnology
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TATA Motors DVRGives higher weekly closes on the chart.
TATA motors DVR is a stock that has been showing signs of a breakout. The stock has been in an uptrend for the past few months, and it has recently broken out above a key resistance level. This is a bullish signal, and it suggests that the stock is likely to continue to rise in the near future.
The whole Automobile sector is making highs we need to keep a few scripts in radars and focus on taking position carefully with Stop loss on the chart.
Happy trading.
TATAMOTORSobservations::
Price enters into the monthly resistance area...
where a strong fall is observed in this area.
we have a demand zone @440 range...
while breaking the resistance @480-500 range price leaves a demand again....
Now price is near to previous gap down range..
no sign of bearishness is observed...
if the gap acts as resistance will observe a fall again...
keep track these levels...
TATAMOTORS
NSE:TATAMOTORS
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose