Tata Motors Technical Analysis (CMP: 715)
Elliott Wave Analysis: The stock is in its 5th wave of the impulse wave, with a minimum target of 1000.
Fibonacci Analysis: Fibonacci confluence zones often mark the midpoint of a move. Given the midpoint at 533, the target of 1000 aligns with this structure.
Conclusion: With a potential upside of 40% from current levels, the stock remains an attractive buy opportunity, driven by its 5th wave target.
Elliott Wave Analysis: The stock is in its 5th wave of the impulse wave, with a minimum target of 1000.
Fibonacci Analysis: Fibonacci confluence zones often mark the midpoint of a move. Given the midpoint at 533, the target of 1000 aligns with this structure.
Conclusion: With a potential upside of 40% from current levels, the stock remains an attractive buy opportunity, driven by its 5th wave target.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.