Tata motors CMP:786.45; RSI: 36.35;
TATAMOTORS has completed 5 wave impulsive -Primary Bull cycle phase on weekly chart basis and now in corrective of ABC wave in formation. Corrective Wave-A has bottomed out and wave-B may give a swing trade opportunity for aggressive trader. This wave-B may take the Tata Motors shares at levels of 969-980 levels.
In Long term view is still avoid and fresh entry is suggested only for swing trade.
On daily chart basis, also 5 wave structure has formed as identified in chart structure, It suggest script will now reverse as it has entered wave-a formation.
Chart structure suggest a swing trade is open. The key crucial levels are listed below
Swing Trade Target 1: 969-980; Target 2: 1000-1020.
Stop Loss : 710
✅ For more trading ideas like this, please like, share, and follow my Idea Stream ✅
TATAMOTORS has completed 5 wave impulsive -Primary Bull cycle phase on weekly chart basis and now in corrective of ABC wave in formation. Corrective Wave-A has bottomed out and wave-B may give a swing trade opportunity for aggressive trader. This wave-B may take the Tata Motors shares at levels of 969-980 levels.
In Long term view is still avoid and fresh entry is suggested only for swing trade.
On daily chart basis, also 5 wave structure has formed as identified in chart structure, It suggest script will now reverse as it has entered wave-a formation.
Chart structure suggest a swing trade is open. The key crucial levels are listed below
Swing Trade Target 1: 969-980; Target 2: 1000-1020.
Stop Loss : 710
✅ For more trading ideas like this, please like, share, and follow my Idea Stream ✅
交易结束：到达止损
相关出版物
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。