vanathi

TataMotors - Neutral!

NSE:TATAMOTORS   TATA MOTORS LTD
266 10 11
Price action is narrowing within the range which implies breakout is going to happen soon. Close above 485 will make the price to move towards 510 and 515. Close below 475 will move the price towards 460. Will update stoploss, targets once the break out is confirmed.
Comment: Sideways movement...
Trade active: Short
Trade closed: target reached: 460
Comment: This called worked as intraday call. trade activated on 6th june and closed on same day!
see Tata motor for downside,,,,,,as i said
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vanathi rajvthete
@rajvthete, Yes you are right :)
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this pattern looks like a pennant,breakout bias is on the upper side.
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There is one big reason why tatamotors will touch 560. June 19th DVR will be listed in SENSEX, it's a once in a decade opportunity For a fundamentally strong share like tamo
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vanathi sbhirang
@sbhirang, I agree.
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i think Tata motor will not go up
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vanathi rajvthete
@rajvthete, Why you think so?
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rajvthete vanathi
@vanathi, bcz its overbought & chart have too many resi.
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vanathi rajvthete
@rajvthete, Ok. Lets see.
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sbhirang rajvthete
@rajvthete, check my reason
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