TATAMOTORS trade ideas
TATAMOTORS - Elliott wave analysis - Sell on bounceTATAMOTORS - It is in 2nd wave of C wave down within ABC flat correction. The ABC flat is the part of Y wave in WXY complex correction. Sell near 136-140 zone with stop loss above 143.25 for target below 122 as Y wave.
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TATAMotors Symmetrical Triangle 4HRA Symmetrical Triangle is a "bi-lateral" pattern, meaning it could break in either direction.
This means we need to plan for both Short and Long situations. Our target is (pattern height * chance of success) 32.35*0.58 = ~18.76$ from breakpoint.
Entry: Wait for pattern to break in either direction + 1 bar for confirmation
TP: ~18.76$ from breakpoint
SL: Last swing point, Short SL: ~137.75, Long SL: ~126.70
R/R: Will update after breakout.
Pattern info: thepatternsite.com
TATA MOTOR BUY - Decending broadening wedgeSAFE TARGET AND PATTERN TARGET GIVEN. Dending broadening wedge
Disclaimer: Before deciding to trade, you should carefully consider your investment objectives, level of experience, and risk appetite. I am not liable for any losses or damages you may incur—this means that you alone are responsible for your actions in any trading or investing activities.
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