H&S formed as bottom, broke the support and made an S/R flip.. Heading to a clear Target..
the chart is self explanatory
Just add long term calls and will work out big time. buy calls and sleep for 6 months.
TATA Motors is moving in a channel . Can go short below the low of last candle for target at next support levels .
TataMotors though posted bad results bad Chart is at strong monthly support. It can be bought for investment/positional basis around 143-147 with SL below 136/131. for Targets 180-216 (Short Term).
Most of trading and investing is or should be stalking the markets for sound entry positions. In this screencast, I show that there could be an interesting opportunity for a long term trade on TATAMOTORS.
Tata Motors has been in a prolonged period of consolidation since February 2015 and could have already completed this consolidation, or if the C of the Y expands, close the $ 10 to December 2018 downtrend in the next potential trend reversal area. To prevent the second target from being activated, the bulls must now show strength.
WAVE A ON THE UPSIDE FOR TATAMOTORS SEEMS TO BE A 5 WAVE SEQUENCE, WHICH CONFIRMS THAT TATAMOTORS IS MAKING A ZIGZAG CORRECTION. IN THIS CASE, THE B WAVE SHOULD IDEALLY NOT RETRACE MORE THAN 61.8% AND DEFINITELY NOT MORE THAN 79% AND THE C WAVE SHOULD AT LEAST TOUCH THE END OF WAVE A. THIS GIVES A SL OF 172.2 WITH A TARGET OF 201. A RR OF ALMOST 1:3
NSE:TATAMOTORS Sell initiate for 01 Nov 2018 using 1 hr chart based on Fibonacci levels, check below Sell level Sell Below : 177 Stop Loss : 182.4 Target : 173.6
TataMotors reached the bottom and its time to rebound.
I am not sure if I want to wait for a retest of this area or just get into the trade now. R:R ratio is decent anyway
Hi traders, TATAMOTORS is still Bullish. Don't miss this long. As per my analysis, price action shall further move up to the below targets. Entry: 302 (or) Entry @ CMP Take Profit: 424 (TP1) & 546 (TP2) Stop Loss: 180 Risk Vs Reward Ratio: 2 Go long the TATAMOTORS ; Good Luck
Please check description in the chart. Do not buy in one go, keep buying on dips.
As you can see in the chart, clearly there was a truncated 5th wave after that it retraced 61% and working on forming a solid base around 250, there can be huge upside from here. And Electric Vehicles can be the trigger. Stop below 240.
Continuation of same pattern bullish after Touching the support
TataMotors has produced bullish harami reversal pattern right at the support bottom of falling wave structure. It can be long from current for target 470. Not an ideal three drive pattern but other features of the structure one can take into account before going long.
one can short tata motors keep stoploss of 372 ,target can be of 327... just my view... study only