Tata Motors Ltd :-Great opportunity for traders(Technical Analysis Mumbai India Trading).

Currently the market has moved up with great speed. Now you can call this a pr-election rally or Modi factor whatever. But as a trader we have to be cautious because whatever moved up faster can also come down faster.

So at trading kamai we have exited almost 80 % of our positions and we are extremely cautious in what position we will be taking in the coming week. We are sitting on cash, expecting some downward movement for trade positions.

But said and done market can also move upwards, who knows. So we are looking for small and safe opportunities (J there is nothing safe in stock market) and we just found one "Tata motors".

Below are important technical points why we feel Tata motors would do well.

As a trader we love a sharp downtrends and confirmation. We had good success in pullback rather than continuation patterns. If you see the charts Tata motors it has been in a down trend for almost 15 days and now it’s showing inverted hammer with conformation.

This confirmation is more significant because its coming a support level the below diagram explains the same.

Crossing of 30 days EMA is adding more confidence to the trade.

The twin conformation of RSI and ADX also adding support to it. So over all a great trade to initiate with minimum 5% profit in coming 2 weeks. Above 2 weeks this trade is not valid.

If you are interested do buy our course learn trading step by step. Below you can see a sample video for the same.

See syllabus for Technical analysis training in Mumbai,India. 

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