TATAMOTORS trade ideas
#TaMo : Enhancing conviction for much higher price in future.TaMo: Yesterday it shook many... but price action is saying, 'I am not ready to go down'. More it consolidates in flag More it will fly. When price is not ready to go down, let not your emotions make your portfolio down. Hold with conviction unless it proves you wrong. Nothing > 580 - 620 & more.
TATAMOTOR RANGE OR TREND???????tatamotor has a good range and with that range it is now trading in parallel channel.what you can see in this daily channel ?????this analysis is just for educational purpose this is not sure shot information.do your own analysis before taking trade.hope this will help you understand the market potential.thank you:).
DOUBLE REVERSAL and a BREAKOUT._____.While looking at TATAMOTORS chart, I came across a resistance and support area which apparently formed a double reversal(Ping Pong Reversal).
After waiting for a few minutes the price broke out with a sharp bullish candle, though I was waiting for the price to retest the new support but I supposed that there simply isn't enough time left in the market for it to occur. I believe that's exactly why the bullish nature seemed to almost fade away after a few candle later. Even if price retests eventually then that'll probably happen tomorrow.
With that being said...
Happy Trading !!!
TATAMOTOR 1H chart Bear countStructure is bearish until it takes out 528, until then will stick to this bearish count. we are seeing wave 4 retracement more than 0.5 which is okay since wave 2 retraced only 0.382, applying alternation rule for this count.
If this plays out, it's going to be choppy for next few trading sessions before it reaches 425. let's how the price action goes on this proposal.
TATAMOTORS Gap fill at 435.7 is coming in my opinionLooks like TATAMOTORS is going to fill the gap at 435.7 in the current leg down (Earnings around the corner). After we might see
bounce to 485 levels. Let's see how this plays out.
Bullish If this bounces from current level and takes out 540 then all time high is possible. Earnings might determine which direction i's going to take.
BEARISH GARTLEY TATA MOTORSABOUT MYSELF:
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TATA MOTORS TECHNICAL ANALYSIS TECHNICAL ANALYSIS OF TATAMOTORS:-
*This stock is trending in upward direction and trying to approach a new HH.
*Forming a raising wedge pattern on the weekly timeframe.
*As of now there is a consolidation forming a bull flag on daily.
*Major resistance ahead at previous ATH as mentioned it as red horizontal line.
*Taking this whole picture into consideration trade and invest accordingly
----THIS IS NOT A FINANCIAL ADVICE JUST AN ANALYIS AND ONLY MENT FOR EDUCATIONAL USE ONLY-----
TATAMOTORS TECHNICAL ANALYSIS TUTORIAL TECHNICAL ANALYSIS OF TATAMOTORS:-
*This stock is trending in upward direction and trying to approach a new HH.
*Forming a raising wedge pattern on the weekly timeframe.
*As of now there is a consolidation forming a bull flag on daily.
*Major resistance ahead at previous ATH as mentioned it as red horizontal line.
*Taking this whole picture into consideration trade and invest accordingly
----THIS IS NOT A FINANCIAL ADVICE JUST AN ANALYIS AND ONLY MENT FOR EDUCATIONAL USE ONLY---