CHARTS OF TATAMOTORS

SAIL CHARTS

Sail has given a Good Breakout.

The first chart indicates that Long term resistance of 75 levels has turned to supports currently.

Breakout target of the pattern is nearly 20 points form the breakout level of 77 which is almost 95+ levels.

The pattern would lose its significance if the levels fall below 77-75. 

tatamotors 5 wave intraday move

TATAMOTORS ANALYSIS

After the breakout above 370 - Tatamotors has rallied upto 389. Holding of 379.4 is required for the upmove.

If it is the iv wave it should not go below 379.35 - i.e i.5 .

If 379 is broken then it is likely that the C down has started.

378.5 - 50 DMA 

Breaking of 379 - would place Tatamotors below the neckline of the inv H& S pattern.

Respecting 380 -  the target for inv h&S pattern approximately is 390++

Tatamotors Analysis

The Diamond pattern of tatamotors (Click HERE)  

                     

gave a Huge Breakout and it reached upto 379 - 50 DMA and resisting from thereon.

As per day charts resistances at 375, 380 - So an EOD close above the 50 DMA is required for further Upmoves.

Supports at 370, 368 - So an EOD close below 10 DMA is required for sustained downmove. Currently trading range between 370 - 380.

As per weekly charts there are supports at 370 level. Breakdown of which would be a channel breakdown.
Holding 370 and breaking past 380 - Possibility of new Highs

 Holding 370 - key for both Up and Down Moves

UPDATES (CLICK HERE)

TATAMOTORS WOLFE WAVE

TATAMOTORS ANALYSIS 13 JAN 2014:

Diamond Pattern Breakdown below - 366
Breakout above - 369.
If breakout occurs the next resistance as Per chart is around 375.
If Breakdown occurs at 366 -then the next support as per day charts id 360 - Inverse cup with handle neck line at 360. 

Tatamotors Diamond pattern update 2.30 PM:

Diamond pattern breakdown below 365

TATAMOTORS UPDATE 10 JAN 12.00NOON:

Diamond pattern breakdown below 365 - breakout above 370

12.00 Noon Update:

A Bearish WOlfe Wave has formed in Tatamotors.

With an EOD close above 372 - above 10DMA - Tatamotors would again break above the trendline and it is likely that the wolfe wave gets invalidated - and the WOlfe wave pattern would be converted to a channel.

Tatamotors Charts

Staying below 371 - 10 DMA - it would be a breakdown of an Inverted C&H pattern - targets as low as 340 levels.

Moving past 371 and an EOD close above it would take it to 380 levels and above - failing the inverted C&H pattern.