Tata motors Fibo+EMA+Multitimeframe+Flag pattern break out?

2021年2月24日

Price is nearby proper valuation of the stock as shown in the image above.


In 1 day stock is getting support by its lower trendline, Currently took support from 20Daily EMA as shown on 1st chart. Also got some demand from the Demand zone. Retested the breakout with high volume.
In 2Hrs timeframe it has completed 50% retracement and also supported by 100 ema .

The Indicator Used:
PANEL 1:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts.
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
PANEL 2:
1) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence

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The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)

HAPPY TRADING!!!