TM- Tata Motors
From Previous Analysis- we picked TM above 450 but unfortunately -it did not move above 460 convincingly so, came out of the trade above our entry point at 450 & above.
Leaking below 437, TM showed more weakness & travelled till 417 lows recently. In current scenario 428-430 is the resistance zone- if TM comes in the zone 425-427 gets rejected then bulls should be careful.
Short Term Trading Strategy
Bounce in the zone 425-427 can be looked as resistance zone -once holds & starts falling back below 425 then look for Intraday moves of 415-417. This trade to be active -it should get resistance in 425-427 & behave as we expect.
You would love to read my previous update- "Hitting the Top@485- Are you dreaming - Drive it"
From Previous Analysis- we picked TM above 450 but unfortunately -it did not move above 460 convincingly so, came out of the trade above our entry point at 450 & above.
Leaking below 437, TM showed more weakness & travelled till 417 lows recently. In current scenario 428-430 is the resistance zone- if TM comes in the zone 425-427 gets rejected then bulls should be careful.
Short Term Trading Strategy
Bounce in the zone 425-427 can be looked as resistance zone -once holds & starts falling back below 425 then look for Intraday moves of 415-417. This trade to be active -it should get resistance in 425-427 & behave as we expect.
You would love to read my previous update- "Hitting the Top@485- Are you dreaming - Drive it"
Giao dịch đang hoạt động:
16:45 Hrs 9th May2017
Last Price@426.80
Got the bounce as expected to 425-427 Zone for the day
Last Price@426.80
Got the bounce as expected to 425-427 Zone for the day
Giao dịch đang hoạt động:
23:25 Hrs 11th May2017
Last Price@427
425 is holding for good so unless 425 is broken down & sustained TM won't go down in that case holding stops below 425 - TM can bounce back to 430+ in sideways positive bias.
Last Price@427
425 is holding for good so unless 425 is broken down & sustained TM won't go down in that case holding stops below 425 - TM can bounce back to 430+ in sideways positive bias.
Giao dịch đang hoạt động:
10:15 Hrs 12th May2017
Last Price@430
Short Term Target Achieved above 430+ as expected previous night holding above 425.
Last Price@430
Short Term Target Achieved above 430+ as expected previous night holding above 425.
Giao dịch đang hoạt động:
22:35 Hrs 15th May2017
Last Price@431.90
Do not forget 425 - going below 425 - mini bottom shall make TM weak for downside- it should sustain below 425 later.
Last Price@431.90
Do not forget 425 - going below 425 - mini bottom shall make TM weak for downside- it should sustain below 425 later.
Giao dịch được đóng thủ công:
11:45 Hrs 16th May2017
Last Price@438-439
Last Price@438-439
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
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Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)