What to expect from TATAMOTORS.NSE:TATAMOTORS
After Sluggish/consolidated move from 8th Feb 2021 and few test to the resistance level of 351 we did see good down move with good efforts in last week from same level, one can say due to the negative news of JLR results. Which was not expected at least by me.
So what to expect from here in TATAMOTORS, well not matter what kind of news cause this effect on TATAMOTORS chart but as far as CANDLE formation and kind of efforts it got its clearly indicating supply in here. If we see follow through selling and breakdown to the level of 280 swing and short term traders must get out of this counter. In closing below 280 will take TATAMOTORS deeper towards the level of 200. And if we don’t see any follow through selling and rather we see bounced back from here we must have to wait for breakout to the level of 351 to make any fresh positions in this counter.
Bounce back can also be expected coz on daily chart we are not seeing good follow through selling as price range is narrowed and volume is also drying out. Check the chart below.
Conclusion one can wait and watch only those who have holding any position right now don’t though them out till closing below 280. And swing and short term traders who are looking for fresh positions in this counter prefer to wait for a breakout of 351.
Long term investors don’t need to worry here. Any stopping or sign of reversal can be good opportunity for averaging.
|| Hari Om ||
|| Ambadnya ||
TATAMOTORS trade ideas
Buy TATAMOTORSA Bullish Golden Cross is seen on Weekly charts of TATAMOTORS.
Potential upside is possible to 444 levels and then 539-581 levels. Stoploss can be kept below the pennant or @319 (conservative)
The upmove can be fast as price has broken out of a pennant pattern on the weekly charts.
Also price has broken upward from a long term price zone (indicated by red rectangle)
Risk Reward is 4:1
TATAMOTORS LONG INTRADAY 2 JUL,2021Dear trader,
If u look at the chart of TATAMOTORS (analysis based intraday only) the TATAMOTORS Buy at 344 and
Target at 351
Best Buy at 339
Our Best Buy is based on high quality research and when the instrument reaches this level , it’s a jackpot trade.
Best Buy level might be executed or might not be executed.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
Our signals are based on analytics, algorithms, mathematical derivatives.
Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies.
Kindly message us for strategies and analysis.
Tata Motors | Respecting the Levels and TrendlineGood For Long term,
Company is doing well.
Fundamentals are good.
Technically the stock is respecting it's levels as well as the trendline.
Go for Long .
-------------------------------------------------------------------------------------------------------