TATA MOTORS LTDLong
TATA MOTORS COUNTER TREND BUY OPPORTUNITY
STOCK IS TRADING AT HISTORICAL LOW PRICE LEVEL UNDER INR 100 LEVEL.
STOCK CHART IS FORMING DOUBLE BOTTOM FORMATION ON H-1 CHART, WHICH IS SIGN OF REVERSAL. SO, WE CAN LOOK TO BUY TATA MOTORS STOCK AROUND CURRENT LEVEL INR 82.
REASON FOR ENTRY: DOUBLE BOTTOM FORMATION
WAIT FOR HIGHER HIGH HIGHER CLOSE CANDLE ON H-1 CHART TO ENTER LONG.
ENTRY PRISE: INR 83
STOP LOSS: 74.60
TARGET-1: INR 94 (RETEST OF RECENT STRUCTURE HIGH)
TARGET-2: INR 99 (EXIT BEFORE IMPORTANT LEVEL OF INR 100)
AFTER TAKING TARGET-1 AT INR 94, TRADERS CAN HOLD THEIR SECOND POSITION FOR RETEST OF PREVIOUS STRUCTURE SUPPORT UPTO INR 105.
STOCK CHART IS FORMING DOUBLE BOTTOM FORMATION ON H-1 CHART, WHICH IS SIGN OF REVERSAL. SO, WE CAN LOOK TO BUY TATA MOTORS STOCK AROUND CURRENT LEVEL INR 82.
REASON FOR ENTRY: DOUBLE BOTTOM FORMATION
WAIT FOR HIGHER HIGH HIGHER CLOSE CANDLE ON H-1 CHART TO ENTER LONG.
ENTRY PRISE: INR 83
STOP LOSS: 74.60
TARGET-1: INR 94 (RETEST OF RECENT STRUCTURE HIGH)
TARGET-2: INR 99 (EXIT BEFORE IMPORTANT LEVEL OF INR 100)
AFTER TAKING TARGET-1 AT INR 94, TRADERS CAN HOLD THEIR SECOND POSITION FOR RETEST OF PREVIOUS STRUCTURE SUPPORT UPTO INR 105.
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