19th Mar
#TATAMOTORS BUY ~ 378 with SL of 377
— EWite (@Stocktechy) March 18, 2014
#TATAMOTORS At crucial support zone. pic.twitter.com/M7EhvSfXzB
— EWite (@Stocktechy) March 14, 2014
UPDATE
13th Mar
Buy on break of upper Blue falling trendline with stop below DL.
Target remains ~426
If it prefers to still move down 383.50 is our Buy with stop below 373.
UPDATE
7th Mar
Yes the target of 425/6 is intact but right now it is undergoing Wave 4 correction.
Once correction completes it should head for the target.
Will keep a close watch for long entry.
UPDATE
Week of 3rd Mar
Heading for 425/426
Entered Short again RT @Stocktechy: #TATAMOTORS Stop on short.
— EWite (@Stocktechy) February 26, 2014
Note: Entered shorts again but had to square off at break even. Stock unable to take direction. Will wait for clear signal.
UPDATE
26th Feb
View still remains same that it has completed 5 waves and but now more bearish as it failed to break 402 for 2 days and some del based selling earlier.
Now going SHORT with stop above 402
There are some nice divergences in the hourly TF to support the bearish view.
Our initial target on down side is 375 but what pattern it will form is to be deciphered as we go along.
Daily Chart
Hourly Chart
@tradehunterr Ther are some nice divergences in hrly TF to sup bearish view
— EWite (@Stocktechy) February 25, 2014
.@tradehunterr Critical juncture. Think it completed 5 waves an shud retrace. But move >402 can take it to 425 #TATAMOTORS
— EWite (@Stocktechy) February 25, 2014
UPDATE
25th Feb
No trade. Under close scrutiny. It has probably completed 5 wave impulse and should start corrective moves. But if it has not completed 5th wave at 100% it should head for 425. Wait for confirmation.
UPDATE
24th Feb
At a very interesting juncture.
TATAMOTORS is now at a juncture where I consider the corrective up move ends and it should start its downward moves. But the momentum of the stock is so good it may push it up. Hence some caution is required at this level before deciding next trade.
Any move above Yday high can push it to around 400/406 else we are looking at slow and steady Decline.
Let us wait for the stock to tell us what next.
If want to take a trade
Short with stop above Yday High.
If it breaks above
Long
target 400/406
Stop as per RMS
Here is the chart.
TARGETS ACHIEVED !!
Call closed.
For 14th Feb
First target achieved. Now retracing.
Basic retracement is done but can still move down to 372.
Long
Target > 388
Stop < 369
TATAMOTORS continues to move in corrective ABC formations.
Can not find any impulse in the move to promise sustained up move.
Hence the following trading plan.
Buy around 368
Target 1 >382
Some correction and then
Target 2 389 - 394
STOP < 360
No comments:
Post a Comment