A TECHNICAL VIEW ON TATA MOTORS LTD-14.10.2021

 

TATA MOTORS LTD

Open-462.90--High-523.85--Low-462.90—Close-506.90 on 13.10.2021. 

Support:502.65/488.75/473.70/468/434. 

Resistance:523.85/542.60/552/573.50/598.40/604.40/612.40/649/660/762/822/952/1100/1500. 

(Bold and underlined figures are most important). 

My last write-up on it was posted on 28.11.2020, please note in that post at a price of around 180, I had predicted a target price of 360—400 in 15-18 month time frame for it, but I am glad that it has achieved much more than that in just 11 months time then what I had predicted. It is in a strong long term uptrend and on an excellent technical footing. It’s important range for now is between 473.75----502.65, since it has closed above 502.65 today and if it sustain above it on the closing basis then it could retest its all-time high of 612.40 and may go much beyond that. Moving up from here its target or stiff resistance points could be at-523.85---552---573.50---598.40---612.40---660---762---822---952---1100---1500. Similarly break below 473.70 on the closing basis will push it into deep corrective mode which may please be noted. 

In view of the above observation, it would be safe to try long trade above 502.65; however aggressive traders can also try long trade on decline near 473.70. The authentic stop loss for the long trade would be below 460 now but it will move up in the proportion of the price rise in coming days. 

Kindly note that if it sustain above 502.65 on the closing basis then the possible upside target could be in the range of 1000---1200 in 8—12 months time frame. 

NOTE: - It is a technical assessment of the stock as of now, the technical interpretation changes with the price movement and time, therefore it has to be reviewed at regular intervals, furthermore  investors are advised to look into fundamental, financial details of the company and last but not the least management perception for the future of the company before taking investment decision.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

 

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

 

Note: Price stated here are of spot market.

 

Contact me for strategic guidance to enter and exit trade.

 

Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 

TRADING CALLS FOR----4-12-2017

TRADING CALLS

1. ADANI  PORT.

Buy above -386.75, S/L-382, Target-395/405.

2. ASIAN PAINTS.

Sell below-1130, S/L-1135, Target-1123/1114/1110/1083.

      

3. AUROBINDO PHARMA.

     (A)Buy above -672.50, S/L-668, Target-689/697.

     (B) Sell below-665, S/L-673, Target-649.90/628.25.

4. AXIS BANK.

Sell below-531.90, S/L-536, Target-526/523/515.

5. DR.REDDY LAB.

Sell below -2222, S/L-2235, Target-2197/2166.                                     

6. EICHER MOTORS.

Sell below -29135, S/L-29300, Target-28408/28183.

                                       

 7. GLENMARK PHARMA.

Sell below-553.50, S/L-556, Target-540/530/507.

                                          OR

Sell on the rise but not above 562, S/L, 569, Target-553.50/540/530.

8. ICICI BANK.

Sell below-303.90, S/L-306, Target-295/289.

9. L & T.

Sell below -1202, S/L-1212, Target-1179/1158.  

10. L I C HOUSING FINANCE.

Sell below-568, S/L-572, Target-560/550.

11. RELIANCE INDUSTRIES.

Sell below-907, S/L-911, Target-890/878.

                          

12. TATA MOTORS.

Sell below-396.50, S/L-400, Target-391/387/380.

                          

Note: -- After opening watch the market for sometime before initiating trade.

   

.                              Note: Price stated here is of spot market.   

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

 Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.                       

 Contact me for strategic guidance to enter and exit the trade

   

                       

                     

  

                    

                            

TRADING CALLS FOR 6-2-2017

TRADING CALLS

1. APOLLO HOSPITAL.

Buy above -1272, S/L-1264, Target-1286/1299/1315/1331.

2. ASIAN PAINTS.

Sell below -981, S/L-986, Target-970/963/954/937.

3. ADANI PORTS.

Sell below -301.70, S/L-303.70, Target-299/295/292.50/290/283.40.

4. AXIS BANK.

Buy above -492.50, S/L-490, Target-498/504/514.

5. BHARAT FORGE.

Sell below -945, S/L-950, Target-930/926/915/904.

6. BHEL.

Buy above -143, S/L-142, Target-146.80/150.70/154 .

7. CIPLA.

Buy above -611.50, S/L-607, Target-617.80/632/648/660.

8. COAL INDIA.

Buy above -327, S/L-325.50, Target-330.50/337.30/339.

9. DABUR (I).

Sell below -267.75,S/L-269, Target-263/259/255.

10. GLENMARK PHARMA.

Sell below -939, S/L-946, Target-923.80/913/899/885.

11. HINDUSTAN ZINC.

Sell below -318.40, S/L-321.0, Target-311/304/302/295.

12. TATA MOTORS.

Sell below -518, S/L-523, Target-512/507.50/495/492.

Note: Price stated here is of spot market. Please note that these intraday trading calls are based on previous 2-3 days movement therefore  it does not reflect the overall trend of the stock.

                                 

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Contact me for strategic guidance to enter and exit the trade

                              

                                          

                                     

                                        

                                         

                                  

                                        

TRADING CALLS FOR 23-1-2017

TRADING CALLS

1. ACC.

Sell below -1319, S/L-1328, Target-1314/1298/1278/1269.

2. ADANI PORT.

Sell below -282.60, S/L-284.40, Target-275/263/258.

3. APOLLO HOSPITAL.

Sell below -1150, S/L-1157, Target-1142/1130/1111/1079.

4. AUROBINDO PHARMA.

Sell below -695, S/L-700, Target-680/678/667/645.

5. AXIS BANK.

Sell below -448, S/L-451, Target-441/427/424.

6. BANK OF BARODA.

Sell below -153.55, S/L-155, Target-151.25/150.10/146.70. 

7. CAIRN (I).

Sell below -260.40, S/L-262.80, Target-255/252/247. 

8. CASTROL.

Sell below -391, S/L-393.50, Target-385/382/370.     

9. CIPLA.

Sell below -573.35, S/L-578, Target-567/559/548/528.  

10. DLF.

Sell below -127.70, S/L-128.90, Target-125.10/122.40/119.05. 

11. HERO MOTOR CORP.

Sell below -3044, S/L-3051, Target-319/2975/2962/2958.

12. ICICI BANK.

Sell below -262.55, S/L-264, Target-258.40/256/253/251/248. 

13. L&T.

Sell below -1411, S/L-1416, Target-1402/1376/1349.

14. LIC HOUSING FINANCE.

Sell below -515, S/L-518, Target-509/495/483.

15. MAHINDRA & MAHINDRA.

Sell below -1187, S/L-1193, Target-1169/1153/1141.

16. MARUTI.

Sell below -5660, S/L-5675, Target-5642/5597/5525.

17. TATA MOTORS.

Sell below -521, S/L-524, Target-517/507/501/492.

 Note: Price stated here is of spot market.

                                 

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Contact me for strategic guidance to enter and exit the trade