EURUSD Forex major supply and demand technical analysis and forecast
29th July 2019
How to trade Forex currency pairs using supply and demand imbalances Forex currency pair using supply and demand imbalances
31st July 2019

Read below a Tata Motors Indian Stock Exchange NSE technical analysis and forecast.

Tata Motors Limited, formerly Tata Engineering and Locomotive Company, is an Indian multinational automotive manufacturing company headquartered in Mumbai, Maharashtra, India. It is a part of Tata Group, an Indian conglomerate.

Tata Motors Ltd has been dropping for months now creating new monthly supply imbalances on the way down since the first supply level was created around 569. Tata Motors Indian NSE stock has been dropping ever since that super strong bearish impulse that ended up creating a monthly supply price at the very top.

On the way down as price continued to remove all bullish obstacles and demand levels, Tata Motors Indian NSE stock has created two more supply imbalances on the monthly chart, the last two were are 327 and 242. Price has fallen short of retracing to the latest supply imbalance around 242 by a few ticks. It’s a pity, because Tata Motors stock supply and demand technical analysis has a clear bearish bias and only shorts are allowed. There is still a lot of room for price to keep on dropping on Tata Motors Indian NSE Stock.

Only selling short is allowed on Tata Motors Indian NSE Stock since the monthly timeframe technical analysis tells us there is a clear downtrend, in a downtrend supply levels are created and respected, so only shorts are allowed in Tata Motors stock.

Watch a short supply and demand technical video analysis below for Tata Motors Ltd Indian stock

This is the kind of price action technical analysis you will learn in our trading community. You will learn how to locate new supply and demand imbalances and trade without using any indicators, no news, no fundamental analysis, no earnings announcements, no volume or VSA analysis. Just supply and demand imbalances.

Trading supply and demand imbalances is ideal for beginners and those with a full or half time job, you won’t need to stay in front of the computer all day long trying to move price action with your mind. 

As supply and demand traders, we do not need to pay attention to the news, fundamentals or any earnings reports. Once a big timeframe imbalance has gained control, earnings do just the opposite and reacts strongly to those imbalances. Why is it that you see positive earnings and then the underlying stock drops like a rock, or a negative earnings announcement and the stock rallies like a rocket out of control? You are probably missing the fact that there are big imbalances gaining control.

Unless you are doing very short term trading and scalping, you should not worry about fundamentals or earnings announcements.

Join our Stocks trading course if you want to learn how to trade supply and demand imbalances.

 

 

 

Alfonso Moreno
Alfonso Moreno
Full time trader, expert technical analyst and founder of Set and Forget supply and demand online trading community. Traveler, photographer and adventurer.

Leave a Reply

Your e-mail address will not be published. Required fields are marked *

     
 

Disclaimer: Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Set and Forget, its employees, or fellow members. Futures, options, and spot currency and stocks trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Forex and futures markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell spot Forex, cfd's, stocks or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in Forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.