TATAMOTOR ANALYSIS

FOR NIFTY ANALYSIS CLICK HERE

Tatamotors made a High of 337 and has had a pull back up to 404 - 50 DMA.

It is trading between 50 DMA and 10 DMAduring the past week.

Trading  above 414-415 - 5 DMA and an EOD close above 5DMA would give a runup towards 10 DMA again.

Failing to close below 5DMA - would drag tatamotors near 404-405 50 DMA again.

A Bearish Wolfe Wave has formed in Day Charts which would be invalidated on an EOD close above 10 DMA 420-422.

NIFTY ANALYSIS

FOR TATAMOTORS ANALYSIS CLICK HERE

NIFTY ANALYSIS:

Nifty has made a Life time high and has done a Pull back of almost 200 points.

DATE	HIGH	LOW	CLOSE	5 EMA	10 EMA
25-Apr-14	6870	6773	6783	6796	6774
28-Apr-14	6786	6750	6761	6785	6772
29-Apr-14	6780	6709	6715	6762	6762
30-Apr-14	6780	6657	6696	6740	6750
2-May-14	6738	6690	6695	6725	6740

5 DMA	10 DMA	HIGH EMA	LOW EMA
6807	6781	6841	6775
6804	6778	6823	6766
6783	6770	6808	6747
6759	6762	6799	6717
6730	6758	6779	6708

Nifty has closed below all parameters in day TF. The Day TF charts have been consistently exhibiting -ve divergences.

Hour charts are reaching the Over Sold area - and the channel breakout is above 6710 - Day LEMA. An EOD CLOSE above the Day LEMA would put a pause to the down movement.

TATAMOTOR ANALYSIS

Tatamotors broke below 404 - to reach 383 today -with almost a 5 wave complete.

Holding 383 rather 382.7 - upsides possible - initially upto 404-406 breakout of this would lead to new Highs.

Breakdown of 382 - more lows towards 50DMA/100 DMA @ 378 levels.

Holding 383 - new Highs possible. - Bullish Count i,ii,iii,iv

Breakout of wedge @ 390

Breakdown below 382.7 - confirms more downside towards B

Breakout above 390

holding 382.7 is a must for an upmove.

Tatamotors analysis

With the Low pf 393 - the down C is almost done. (click here) Holding 393 - another round of High is Possible.
Break down of 393 - would lead to more downsides -
Breakout above 404-405 would be a Falling wedge breakout. 405-406 - corresponding to 10 DMA.
EOD close above 10 DMA would be bullish and if withheld - then a swift upmove towards 420-425-430.

393 - CRUCIAL LEVEL

TATAMOTORS ANALYSIS

Intraday Update 12.15 PM:
416 target almost achieved after the breakout above 410.

Bearish Count: V over at 420, a @ 404, b now @ 415.85 and down towards c near 400-396 levels.

Bullish Count : a.v - 420 , b.v - 404 and now towards c.v

TATAMOTORS ANALYSIS:
 A Bullish Wolfe Wave has formed - expecting point 5 near 404.
 Holding 404 - another High upto 416-420 possible.
This would render the Daimond Pattern as a continuation pattern and not a reversal pattern. Diamond Breakout is above 410.
Breakdown below 404 - Diamond Pattern targets are 400-396

TATAMOTORS ANALYSIS

Tatamotors Update 12.00noon:

TATAMOTOR ANALYSIS:

A diamond pattern has formed in Tatamotor Hour charts.
Breakdown below 407.3 - targets 398-96
Breakout above 413 - targets - 421-424

TATAMOTORS UPDATE

Tatamotors made a high of 420 yesterday - with a possibility of completion of a 5 wave structure in Hou charts.

Bearish Possibility:

 5th wave completed at 420 and the correction has started. Break of 408 or rather break of 405 would confirm a correction.