Tata Motors on Weekly Chart Looking Good for Mid Term InvestmentAre you looking for a Breakout Stock? It's right here.
What - Tata Motors on Weekly Chart
Why - Just Broke Out of Resistance.
How - I used Fibonacci Retracement to spot Exact Levels.
What's your view on this? Please share.
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Disclaimer:
Please note that this is only for Study Purpose and not a recommendation.
So please do your own research before investing in market.
#BreakoutStock #TradingStrategies #StockMarket #Nifty #chartpatterns #indicators
TATAMOTORS trade ideas
TATA MotorsCurrently, Tata Motors is in the channel support zone. We have two possibilities.
1. If the stock breaks the support line. Then it will touch the orderblock.
2. If the stock breaks the inside symmetric resistance line with a strong bullish candle. Then we can go for buy.
But
Yesterday, Tata Motors emerged victorious in the Singur case, securing an arbitration award of 766 crores and 11% interest. Typically, when a company prevails in legal disputes, it tends to foster a positive outlook among investors regarding the company's prospects.
Next, the company acquires additional funds through a different set of assets, leading to a positive sentiment being expressed. TML gets a compensation of 766 cr + 11% interest, which means around (1100 crores approximate).
Let's see some examples of when the company wins a court case and what stock price will happen when a company gets additional funds.
E.g.)
Zeel - Aug 10 (INDIA TRIBUNAL DISMISSES ALL OBJECTIONS IN SONY-ZEE MERGER CASE - CNBC-TV18) After that stock went more than 20%. .
Bombay dyeing - 13 Sep (India's Wadia-owned Bombay Dyeing to sell land to Japan's Sumitomo for $627 mln.) The next day, the stock gap was up at 10%
So TML has more potential to go high.
But do your proper analysis and then you decide.
Note: This is only for educational purposes.
IMPORTANT LEVELS FOR THE MONTH OCTNSE:TATAMOTORS
I have marked all the important levels for this month,
Levels are easy to understand and try not over complicate it.
Until we see a crash or big negative news , entry on dip will be the strategy. My view is on the up side and profit booking on the higher levels.
Use these levels with you trading strategy and experience.
Whether you want to buy or sell just takes the trades near or at the levels so that you can have advantage of minimum stoploss.
All the best folks!
TATAMOTORS - Elliott Wave CountTATAMOTORS - Elliott Wave Count
Tata Motors appears to be ready for a bearish move towards 590. The market seems to have completed the irregular Wave B, and we can now expect a Wave C with a target of 590 and below. It is important to note that if the market crosses above 678, which is our Stop Loss (SL), the current view will be considered invalid.
It is crucial to exercise caution when trading and keep in mind that this information is for educational purposes only.
NSE:TATAMOTORS NSE:TATAMOTORS BSE:TATAMOTORS NSE:TATAMOTORS1!
TATA Motors DVR Chart Analysis on weekly time frameTATA Motors DVR trading near breakout level keep on radar above 444
Tata motors again ready for upside move On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
TATAMOTORS--Long Or Short??The stock is recently broken the previous resistance @590-605 zone
price broken and retest is observed...
if price failed to move upside...will get an opportunity to enter short side...
This stock is continuously in uptrend from long time...this is good opportunity to continue with this stock in upwards....
Keep safe...
TATA MOTORS Once the things are settled in Europe - Tata Motors - Land-rover revenue will multiply 2X - 5X
Targets given here in chart for long-term, tatamotors has potential to achieve it.
EV Player and Diverse product portfolio
FUNDAMENTALS
Market Cap
₹ 2,34,671 Cr.
Current Price
₹ 641
High / Low
₹ 665 / 375
Stock P/E
21.1
Book Value
₹ 136
Dividend Yield
0.31 %
ROCE
6.14 %
ROE
5.62 %
Face Value
₹ 2.00
Promoter holding
46.4 %
EPS last year
₹ 7.27
EPS latest quarter
₹ 9.64
Debt
₹ 1,34,113 Cr.
Pledged percentage
1.82 %
Net CF
₹ -6,272 Cr.
Price to Cash Flow
6.01
Free Cash Flow
₹ 16,443 Cr.
Debt to equity
2.96
OPM last year
9.20 %
OPM 5Year
9.15 %
Reserves
₹ 44,556 Cr.
Price to book value
4.69
Int Coverage
2.13
PEG Ratio
-1.06
Price to Sales
0.62
Sales growth 3Years
9.84 %
Profit Var 3Yrs
31.2 %
Tata motors ready for fresh upsideFor all trade on my Auto Harmonic patterns indicator trade setup -
Risky trades can take trade after crossing 23.6% on either side and safe traders can take trade after 41% We can start buying when our Trailing SL hit at 23.6% with SL of recent low our Target will be 41%, 78.6% , 127.2% 161.8% and 223.6 % , when reversal pattern appears on chart we have to trail our SL if trailing SL hit exit from long trade and initiate sell trade ,
TATAMOTORS at an important resistance levelTATAMOTORS is trying to break an important resistance level multiple times but not able to do it since last three times.
Wait for breakout.
Can come out to be a good trade for intraday traders.
Go long if price breaks 629.00 level
1st target - 633.00
2nd target - 636.00