If you are Bullish about the auto industry or wanted to Invest in an Indian Motor Company and pick up TATA Motors for the long-term Investment you are taking the right decision.
In this analysis, we are going to talk about Technical Analysis
As we have seen during the pandemic period the price of the share fell from RS 200 to RS62 after that we have seen a good rally.
So If You are positive about this share and want to purchase for a long-term investment, this is not the right time to purchase, if you are interested in swing trading that’s a different case, for that we have to look at the daily chart.
I have put the Anchor Volume-weighted average price line in the chart and made different zone for various analysis purposes after analyzing the support and resistance .
If you are a Future Trader, You can short the Share at the danger zone. Wait for the right opportunity and enter into the trade.
If you are an investor then let the price come near the gray zone or the Rs 259. Wait for the opportunity and enter into the trade with a stop loss.