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Yash Mehta Profile picture
@YMehta_
Jul 6, 2021 • 9 tweets • 4 min read • Read on X
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Today #TataMotors has hit lower circuit because of chip shortage news. Many would be confused what should be done whether to sell holdings or use this opportunity to buy. We will discuss this plus chart analysis in this thread.

Do 𝐥𝐢𝐤𝐞 and 𝐫𝐞𝐭𝐰𝐞𝐞𝐭 for wider reach.
Let's start with chip shortage news. This is not new news for Equity Market globally. I have been reading this news for few months now.

Finshot News on Chip Shortage (Feb21): finshots.in/archive/the-gr…

CNBC news (May21):
cnbc.com/2021/05/14/how…

Tata Motors was down by 6% that day
Sometimes negative news is genuinely negative and price crashes and gives follow through downside move as seen in case of Yes Bank, DHFL, Jet Airways case.
Sometimes negative news is brought in market just to hammer the stock price so that big/smart players can accumulate the stock at lowers price and then push price upwards.
This was seen in case of Infosys.
𝐍𝐨𝐰 𝐰𝐡𝐞𝐭𝐡𝐞𝐫 𝐨𝐧𝐞 𝐬𝐡𝐨𝐮𝐥𝐝 𝐛𝐮𝐲 𝐨𝐫 𝐞𝐱𝐢𝐭?

Simple answer for this: if Tata Motors gives closing below today's low (311.5) then it can go down. But if it gives close above today high (358.2) then possibly this was an intentional short attack or fake down move
If we check charts of Tata Motors:

After breakout, price has closed below the support line now. If in coming days, price closes above trendline (currently level is 322) then possible retracement or correction in stock will be over.
Fibonacci Retracement:

Price took support exactly at 61.8% levels in Fibonacci Retracement. Ideally 61.8% is the level where price can correct during uptrend. Same happened with Tata Motors crash today.
This is not a big news and it will create short-term impact on their operators probably for a few months.

Disclaimer: This thread is not a buy or sell recommendation so take your call before taking any action in Tata Motors stock.
DHFL chart.

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More from @YMehta_

Yash Mehta Profile picture
Oct 27
Don't pay thousands for a Technical Analysis courses.

Zerodha will teach you everything about Technical Analysis for FREE:

Please bookmark this thread
(1) Fundamental analysis v/s technical analysis:

(2) Setting realistic expectations:

Read 14 tweets
Yash Mehta Profile picture
Mar 15
In Mahabharata, Abhimanyu didn't know the exit of the Chakravyuh and got trapped similarly in the stock market, exit in stocks is important.

In this learning thread🧵, sharing some Unique Exit Strategies of Profit Booking or Cutting Losses Early. Image
First Question that would come to your mind is why exit is important?

There are cases in which stocks loses entire gains just because of some negative triggers about the company.

The famous case is of Yes Bank and chart is shared below. Image
In all these cases, stocks are held in the greed of getting more profits or in the hope of recovering the capital. In most of the cases it doesn't work in the favour.

Let's see some of the strategies which can be used to exit stocks and protect your profits and capital, both.
Read 11 tweets
Yash Mehta Profile picture
Feb 23
It is said that OPTION SELLING requires very huge capital to generate returns and manage risk.

But it is not TRUE!

A complete guide on how you can start Option Selling to generate active returns with less capital (Rs 1 Lakh) 🧵:
First of all, option selling is a very risky business because you can lose the entire capital if the market goes against you.

So it's important to do technical analysis properly. Read everything about Technical Analysis from Zerodha Varsity.

zerodha.com/varsity/module…
Technical Analysis will give you good knowledge on chart reading, which will help you do in doing analysis and sit in the right direction.

Before starting with F&O trading, it's important to understand how it works and what all things happen?
Read 24 tweets
Yash Mehta Profile picture
Jan 28
Screeners helps trader in saving lot of time in filtering best stocks out of 5000+ stocks listed and thus save a lot of time.

Here is the list of top 9 Free Price Action based screeners that will help traders in their analysis 🧵:
1/ Bullish Engulfing:

The bullish engulfing pattern is a two-candle reversal pattern and it is a strong bullish candle that a trader uses to take reversal trades.

chartink.com/screener/bulli…
2/ Bearish Engulfing:

The bearish pattern is a two-candle reversal pattern and it is a strong bearish candle that a trader uses to take reversal trades.

chartink.com/screener/beari…
Read 11 tweets
Yash Mehta Profile picture
Jan 26
Investing in stocks is boring, but it has created huge wealth for investors in the long term.

Sharing 4 Simple Investment Strategies to compound your capital.

For guidance, shared screeners of all the strategies.

Checkout a bonus trading strategy at the end.

A thread 🧵:
1/ All Time High Breakout:

Stock that breaks the uptrend are the one that can give massive upmove.
These stocks are considered as strong stocks in the market.

Timeframe should be monthly and if price closes above ATH on any day you can enter.
Example 1:

Bajaj Finance gave a breakout above ATH at around 55 and then it moved up till 5000 levels.

Total returns of 9000% in 10 years.

Simple Strategy, isn't it? Image
Read 19 tweets
Yash Mehta Profile picture
Jan 24
This is going to be a big thread that exposes various irregularities that are going on in @HDFC_Bank at various levels of the bank's management.

I opened an account with HDFC Bank 6 years back. Thinking it as a good brand and best service to the customer.

In case you have an account in HDFC Bank then it is a must read thread which highlights the irregularities of the HDFC Bank.

@moneycontrolcom @ndtv @ZeeBusiness @FinMinIndia @RBI @DasShaktikanta
On 24th December 2023, I had got almost 50+ mental harassment calls from the recovery agent of the @HDFC_Bank. After picking up the calling, that lady was demeaning me and my family and abusing as well.

Post that, I have raised this issue on Twitter and took it to the CEO of the HDFC Bank as well by sending him a mail.Image
After complaining of the harassment calls few people from HDFC Bank: Mr. Dilip Das, Mr. Sagar Chaudhari got in touch with me to investigate the issue and we had various telephonic conversation on the same.

I was getting all the updates from Mr. Sagar to identify the root cause of the problem that has happened with the bank.
Read 17 tweets

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