nalinakshi

pull back to 401 to 417 may find resistance for tatamotors

NSE:TATAMOTORS   TATA MOTORS LTD
no respite yet it is just a pull back from oversold area

Comments

Should I wait for long entry. I am holding @ 460
Reply
nalinakshi nalinakshi
@nalinakshi, i donot think it is ideal for long entry. I donot know how many shares you have purchased? you may see pull back to 420 if nify index moves higher, but still it is in downtrend, pull backs will be sold into. no revesal pattern yet seen. This is my view. Please consult other people for confirmation
Reply
nalinakshi nalinakshi
@nalinakshi, but the pi bar formed aroun 358 suggests some buyers are there at that level, then it becomes the stoploss for future trade.
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Indidiot nalinakshi
@nalinakshi, m having 100 shares.
Reply
shiv2798 nalinakshi
@nalinakshi, Madam you are right , I am expecting the correction till 322 and then turn , Lets see how it unfolds
Regards
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