Nseindia
TATAMotors ShortTerm Trade & Long+Mid Term Investing OpportunityStock broke down in the previous triangle pattern due to news regarding chip deficit and is nearing the strong support zone around 285 RS. It may find support and undergo a reversal rally within the current prize channel or breakdown causing further crash. Brokerage Houses around the world are bullish on the stock. Stock is good for traders to enter or for long term investors to enter as this price acts as a strong support zone preventing further downside with upward potential.
Enter The Stock after confirming support around RS 280-290.
Target Price - RS 338-355 (Near the Resistance for *Traders*) (*Investors* Can Hold on to the stock without exiting the trade for medium to long term investments)
Stop Loss - RS 260-250 supported by strong support and 200 EMA below (For *Traders*)
Risk Reward Ratio for Traders - 2:1
DYOR before taking action. No Trade can be 100% Successful. Position Sizing Is Important.
Also note for investors - This is not a Investment recommendation. It is just a good price level to add up stocks or newly invest into TATA Motors due to technical situation of the stock.
Cartrade Long After listing stock almost correct 300 points and now stock value is at very good pricing level and potential to gain 16-18% in one or one half month
so, here we find this stock at very good price.
buy only above after sustain around 1301-1305 levels.
with strict SL of 1205 for the target of 1500-1550
GMDC LongA Very good company with good distribution network also with Strong Technical chart breakout.
If this stock will sustain above 71 level and give breakout above 74 level after 2-3 days Consolidation with good volume we can see massive up moce on this stock so, keep on your eyes on that.
TGT 1 81(15days to 1month)
TGT 2 90(2-3 months)
BHARTIARTL on daily chart showing sign of trend reversalNSE:BHARTIARTL
After a good profit booking started from 24th of September BHARTIARTL did show good selling until its come to the support level of 673. near 673 on 1st and 4th of October we did see that selling is now dried out as candles did not managing to close near their lows. And tails we are seeing on both of the candles the are good signs for presence of demand in BHARTIARTL.
Now if you see todays candle its looks quite bullish it has a good range and strong closing shows us good bullish signs and is a good confirmation for our above view. From here onwards if BHARTIARTL manages to close above 710 then we can consider it bullish for swing trade with expected target of 800, we can maintain our stop loss below 670. :) :) :)
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DELTACORP looks good on weekly chartNSE:DELTACORP
If you see the breakout to the level 224, after breakout prices did managed to sustain above that level while volume keeps declining which indicates bit of weakness in stock for prices to move further up.
But in last week we have seen strong bullish candle breaking out the resistance level of 282 though candle doesn’t managed to close above that to take it as a confirmed breakout, we can still consider this as a good solid sign to consider this stock for Swing or short term trade. One can prefer to take further confirmation on 2h chart.
Trend meets its trend lineprice was doing great but since it made double top it was in a bearish trend.
this bearish trend meets its support near lower trend line. than it got coronavirus reset since than it is in bullish trend
this trend reversal started near white lower trend line has reached upper white trend line.
what next for price from here ?
it has made its 50% retracement of bear market
price is testing upper trend line which has made fake breakout near blue arrow inside yellow ellipse than breakout than retracement back to trend line before making double top. which increase the importance of this upper white trend line
bulls buying at the bottom taking profit at 50% and upper trend line
price at the upper trend line of blue channel
bullish breakout or retracement from here