TATA MOTORS -DAILY CHART SETUP- Trendline breakout .
1. Tata motors on daily chart setup seen trendline breakout on last heikin ashi daily candle AT above 417-418 level
2. 200 HMA seen above 405 level . short term resistance broken above 400, from then stock seen up-trend .
3. currently stock trading above 44, 200 HMA bullish technical indicators.
4. RSI seen moving upword direction and move above 60 , above wma .
5. Golden cross of 44 and 200 HMA seen.
6. BUY can initiate @419 short term Target 430-450 and 6 month target 480-500 stop loss at 395
THIS IDEA IS FOR EDUCATIONAL PURPOSE .. ** trade at oen risk .!!
**** comments are welcome .
HAPPY TRADING. !!
1. Tata motors on daily chart setup seen trendline breakout on last heikin ashi daily candle AT above 417-418 level
2. 200 HMA seen above 405 level . short term resistance broken above 400, from then stock seen up-trend .
3. currently stock trading above 44, 200 HMA bullish technical indicators.
4. RSI seen moving upword direction and move above 60 , above wma .
5. Golden cross of 44 and 200 HMA seen.
6. BUY can initiate @419 short term Target 430-450 and 6 month target 480-500 stop loss at 395
THIS IDEA IS FOR EDUCATIONAL PURPOSE .. ** trade at oen risk .!!
**** comments are welcome .
HAPPY TRADING. !!
Comment:
ON monthly chart RSI MOVE above 60 level ..strong bullish indicator.
update : 05/02/2023
update : 05/02/2023
HAPPY TRADING. !!