Tata Motors looking good for 225 levels!

by Dean Market Profile on Thursday, January 05, 2012 in Stocks, Tatamotors

Tata Motors is rising well after resolving a triangle in wave (4) as shown on the chart. Prices may be forming a big flat correction in TML. We completed the A wave, now rising in wave [a] of B. The target for this wave (5) of [a] should be between 208 - 225 range, preferably towards the higher boundary. After that we may come down in wave [b].

About Dean Market Profile
Dean is a fulltime trader for last 13 years. He is passionate about technical analysis. His instruments of choice are Nifty and banknifty futures and options. His main analysis and trading tools include advanced techniques like Market Profile, Voilume Spread Analysis and Order FLow Analysis. Dean is a teacher at heart and loves sharing his learnings with committed traders. You can check out his courses here...

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Thursday, January 05, 2012

Tata Motors looking good for 225 levels!

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