Tata Motors - Tighten your seat belt for 414-410-407

23 Jan 2018

What a ride from 415 to 423-425 & moving in the triangular cave - Tighten your seat belts for 414-410-407

Previous Update - Have Fun with H&S -Up Down Ride 415 -425 & Down (Larger Update mentioned in between as weekly chart)

23 Jan 2018

Dagangan aktif

13:17 Hrs 23rd Jan2018

Last Price@417.85

Halting at 417.60 from 420.50 - Below 417 - Tighten your seat belt. Have a nice trading session. Take care!

23 Jan 2018

Dagangan aktif

13:55 Hrs 23rd Jan2018

Last Price@416

Close to 1st target @414 - Turns upside from 414.75

23 Jan 2018

Dagangan aktif

14:33 Hrs 23rd Jan2018

Last Price@417

One needs to react fast. TM has taken support close to 414 which was our 1st target @414.75

So moving next below 414.75 only it drops further else can bounce & going above 420.50 this fall ends which will push TM upside.

23 Jan 2018

Dagangan aktif

14:39 Hrs 23rd Jan2018

Last Price@417

You need to put strict stop loss above 420.50 as per cash data & we look downside for 414- 410 -407 but careful not above 420.50 -Spot data. Thanks

23 Jan 2018

Dagangan aktif

Last Price@418.15

At 418.35 -The fall from 420.50 to 414.75 is retraced 61.8% levels which is key Fibonacci level & can be important short term resistance zone between 418-418.50 , Once it starts falling below 418 - we will plan to sell with stops above 420.50

Have a nice day ahead.

24 Jan 2018

Dagangan ditutup: sasaran tercapai

10:24 Hrs 24th Jan2018

Last Price@407.50

Final target done@407.10 - One of the picture which goes into 2018 Diary - Hot Trade from 420 to 407.

Taking Support of Neckline can be buying opportunity for a small term bounce as break of neckline below 407 can put Tamo in more pressure.

Buying from 407 keeping stops below 407 for short term bounce or selling below 407 which is at neckline is next trading strategy.

Thanks for support. Enjoy!