Tata Motors - Bullish interms of the patternTata Motors is following a good pattern as you can see from the charts(Pattern from the march lows) and it is good to go for the long term.
The support and resistance with a long term and short term view are shown in the chart. It is bullish until and unless it breaks the major supports-170 and then 158 until then it is good to accumulate. The first major resistance or the target is at 195.45.
Disclaimer: Please check with your analysis before investment- It is for educational purpose only and solely based on my view.
TATAMOTORS trade ideas
Tata Motors standing over a support zonesThe previous resistance of 176 price zone on Tata Motors charts will act as a support and 200EMA is also lying on the same level. A good positional buy trade entry can be made at the CMP with a low risk against a good rewards. ( RR ratio of 2.5)
(Note:- This is my personal views. Please consult with your financial advisor before taking trade.)
Tata Motors - Intraday Trade SetupTata Motors CMP - 183.60
Looking bearish in higher time frame. One can go for Intraday Trade setup with the following entry, exit & targets
Sell at or Below 182 / Stop Loss - 186
Target 1 - 180
Target 2 - 178
Target 3 - 175
Disclaimer: This is my view and for educational purpose only.
TATA MOTORS 4HRDaily Crab & 4HR Crab forming strong potential reversal zone at same level
Vertical dotted line is ULTRA HIGH VOLUME
ULTRA HIGH VOLUME for going SHORT we need LOW VOLUMES in the area of ULTRA HIGH VOLUME BAR
SET UP BECOMES VALID ONLY when RSI is below 70 and IF Price breaks ULTRA HIGH VOLUME Candle LOW with LOW VOLUMES & with NO DEMAND l.e place for short
POTENTIAL SELL