TATA MOTORS LTDLong
Tatamotors: Make or Break
Stock is trading in lower high lower low formation
since Sept16
Last week stock closed with bullish engulf
forming higher low on weekly chart
Going forward till 410-416 holds which is 20WMA
stock will try to move towards 442-450 which is
50WMA.
Once stock close above 450-452 on weekly basis
will move higher towards 470-472
Close above 472-475 will confirm higher high and
negate its downtrend
In case 410-416 is taken out price will again retest recent lows
Buy and hold with 410 stop loss for higher targets
Accumulate in range 422-430
Wealth accumulators stop loss 385 accumulate in range 415-430
since Sept16
Last week stock closed with bullish engulf
forming higher low on weekly chart
Going forward till 410-416 holds which is 20WMA
stock will try to move towards 442-450 which is
50WMA.
Once stock close above 450-452 on weekly basis
will move higher towards 470-472
Close above 472-475 will confirm higher high and
negate its downtrend
In case 410-416 is taken out price will again retest recent lows
Buy and hold with 410 stop loss for higher targets
Accumulate in range 422-430
Wealth accumulators stop loss 385 accumulate in range 415-430
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