TATA MOTORS
Reasons to consider going long on Tata Motors:
1. Technical Support Levels: Tata Motors is positioned at a horizontal support level and a fair value gap on the daily timeframe, indicating potential for a reversal or bounce.
2. Fundamental Strength: Tata Motors is fundamentally strong, likely benefiting from a well- positioned product line, growing market share, and financial resilience.
3. Sector Support: The Nifty Auto index is also at its support level and is taking support at the 200-day moving average, which could signal broader strength for the auto sector and support upward movement for stocks like Tata Motors.
Waiting for confirmation with a CHOCH (Change of Character) on the 1-hour timeframe is a solid approach. Here’s a structured plan based on that:
1. Wait for CHOCH on 1-Hour: The CHOCH would confirm a potential shift in market structure, signaling the beginning of bullish momentum. This adds more reliability to the trade setup.
2. Entry on Retest / FVG / IFVG:
• Retest: After the CHOCH, a retest of the breakout zone could provide an optimal entry, ensuring the breakout holds.
• Fair Value Gap (FVG): If an FVG appears within this structure, entering here could capture the shift in momentum at a lower-risk point.
• Imbalance Fair Value Gap (IFVG): An entry on an IFVG could further refine your risk-to- reward ratio, especially if market liquidity fills these gaps.
1. Technical Support Levels: Tata Motors is positioned at a horizontal support level and a fair value gap on the daily timeframe, indicating potential for a reversal or bounce.
2. Fundamental Strength: Tata Motors is fundamentally strong, likely benefiting from a well- positioned product line, growing market share, and financial resilience.
3. Sector Support: The Nifty Auto index is also at its support level and is taking support at the 200-day moving average, which could signal broader strength for the auto sector and support upward movement for stocks like Tata Motors.
Waiting for confirmation with a CHOCH (Change of Character) on the 1-hour timeframe is a solid approach. Here’s a structured plan based on that:
1. Wait for CHOCH on 1-Hour: The CHOCH would confirm a potential shift in market structure, signaling the beginning of bullish momentum. This adds more reliability to the trade setup.
2. Entry on Retest / FVG / IFVG:
• Retest: After the CHOCH, a retest of the breakout zone could provide an optimal entry, ensuring the breakout holds.
• Fair Value Gap (FVG): If an FVG appears within this structure, entering here could capture the shift in momentum at a lower-risk point.
• Imbalance Fair Value Gap (IFVG): An entry on an IFVG could further refine your risk-to- reward ratio, especially if market liquidity fills these gaps.
כתב ויתור
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