TATA Motors : Analysis
Tata motors has given 90 degree breakout after consolidation for several months. Possibility of breakdown is good.
Note:- This analysis is done on weekly time frame hence traded accordingly.
Creation of possible supply zone at higher level depicts the upcoming fall. If this zone is a supply zone then market coming down and retesting 400 levels is a possibility.
Possibility of consolidating at higher levels for few more days is good. Wait for it to close below recent low 470 levels which tata motors is holding for quite a while now.
Fib retracement is showing market is taking support from 0.286 levels. 380 to 360 is the golden zone.
I will enter into this trade and update this analysis here.
PS: Always risk what you can afford to loose no analysis is a sure shot. Trade as per your risk appetite and RR ratio.
Note:- This analysis is done on weekly time frame hence traded accordingly.
Creation of possible supply zone at higher level depicts the upcoming fall. If this zone is a supply zone then market coming down and retesting 400 levels is a possibility.
Possibility of consolidating at higher levels for few more days is good. Wait for it to close below recent low 470 levels which tata motors is holding for quite a while now.
Fib retracement is showing market is taking support from 0.286 levels. 380 to 360 is the golden zone.
I will enter into this trade and update this analysis here.
PS: Always risk what you can afford to loose no analysis is a sure shot. Trade as per your risk appetite and RR ratio.
Catatan
Analysis based on Fib level's.Catatan
Consolidating @ higher levels.Catatan
Perfectly Consolidating @ higher levels. No entry what so ever as of now.Catatan
Above Max Volume Profile line. Once Crosses previous high ill enter. Will Update soon.Catatan
Waiting for breakout. Ill enter spot on as it breaks.Catatan
No confident Breakout Yet.Catatan
Waiting Game is still on.Catatan
Coming Down Again in the range.
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