TATAMOTORS ANALYSIS

Tatamotors is poised Mid-way between Breakout and Break Down.

As per Weekly TF and Day TF - Holding 423-424 - Weekly Lema and Channel Bottom is very important for it to move towards  450, above it 470++.

As per Hour charts Consoildation is taking place - Breakout 441 - would lead to 450, and Breakdown below 432 leads to 423-424.

THE KEY SUPPORT IS 422-424. It would be a Low risk High Reward entry to buy near 423-424 levels with 420-417 as SL.

TATAMOTOR ANAYLSIS

Tatamotors is consolidating within a Contracting triangle in Hour charts and Symmetrical triangle -(Diamond Pattern) in Day charts. Breakdown of triangle below 430. Triangle resistance 450. Breakout of triangle above 450+.

5 DMA - 436.35

10 DMA - 441.8

20 DMA - 434.85

Fast rise possibility between 5 and 20 DMA.

Holding EOD above 5 DMA is required for upmove.

DIAMOND PATTERN breakout above 450 and breakdown below 430.

HOLDING ABOVE 430 - INITIALLY UPTO 450 AND BREAKOUT ABOVE 450 TOWARDS 460++

BREAKDOWN BELOW 430 - DRAG DOWN TOWARDS 420-415.

TATAMOTORS ANALYSIS

Tatamotors brokedown below 443 - 5DMA and has reached 10 DMa near 434-436 levels.

If supported at 434 - expanding triangle of Day charts and Falling wedge of Hour charts, then a good upmove upto 465++ on breakout above 439-440.

Breakdown of 434 - would drag upto 420-416 - 50 DMA levels coinciding with channel bottom of Day charts.

EW count supports both.

SYNOPSIS: Holding yesterday's low of 434, and if today opens above 436 - It is Low Risk High reward entry.

Positional Trade - Hold longs with Sl 434 EOD.

Aggressive Sell - Sell below 434 on Hourly close basis - with SL Hour close above 436.

TATAMOTORS ANALYSIS

It has just closed just above the crucial 5 DMA.

A Bullish Wolfe Wave has formed in Hour Charts - but it will be effective if 5DMA is held EOD.

Tatamotor Analysis

Tatamotors has reached a High of 465 and is attempting a pull back.

WEEKLY CHARTS have given a breakout.

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.