Tata motors is trading at a crucial level. Looking at the chart, the price of stock is trading near 200 MA. There were very few data available on 15 min but after looking at bigger picture we were able to plot two good points for shorting TATA motors.
1) On bigger time frame , 45 min or 1 hour chart , stock is trading below 200 MA, indicating bearish trend.
2) Price action pattern of Rising wedge is plotted, that implies continuation of bearish trend.
3) Crossover of EMAs
If TATAMOTORS open flat wait for the price to break the support and continue down.
If TATAMOTORS open with gap down, wait for retest of support.
If TATAMOTORS open gap up, Look for my Bullish setup on that I will be posting right next after this
1) On bigger time frame , 45 min or 1 hour chart , stock is trading below 200 MA, indicating bearish trend.
2) Price action pattern of Rising wedge is plotted, that implies continuation of bearish trend.
3) Crossover of EMAs
If TATAMOTORS open flat wait for the price to break the support and continue down.
If TATAMOTORS open with gap down, wait for retest of support.
If TATAMOTORS open gap up, Look for my Bullish setup on that I will be posting right next after this
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
