TATA MOTORS LTD
看空
已更新

Tatamotor in corrective wave - Short?

2 426
快照
快照
Currently, Looking at structure of "Weekly continuation Chart" with all-time high 606. I'm want to call your attention little bit about picture "Corrective Phase A,B, and C" which is already completed. We have had a long run here right from the "low 63.5" back in 2020. It appears to be "motive phase(1,2,3,4 and 5 waves)" or "ABC corrective phase".

Wave ((A))=Wave ((C)) at 567 - recent high 537
OR
Let's look at lower 2D-TF for another scenario as "motive-phase".

快照
it looks like we're making side-wave structure here and I'm trying to analyze correction to see if we had potential further downside or maybe the correction was over. I've showed in chart zigzag W,X and Y which i interpreted as wave X at 443, B at 506 and followed by zigzag downward for wave Y that I'm considering going "Short Tatamotors".
Before taking action short side, we have to consider couple other things there is chance to move upward. if the price move 500 +, this WYZ zigzag is invalid.
交易進行
Sell between 492.5-494 Future continuous contract of TATAMOTORS with your stop 497.5 for targets 481 for short term and 472-461
註釋
SL hit
註釋
快照
註釋
Tata motors is followed my cash level
註釋
First target of TATAMOTORS in cash price has been achieved as 472 from 497

免責聲明

這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。