Tata Motors – CMP - ₹102.95 Dt. – 16-07-2020
On the daily chart, the stock is moving in pattern taking the support of redline. Apart from trendline the price also takes the support of 50DEMA. If the stock breaks the 50DEMA support then the price can go up to ₹99. If the stock moves upward and crosses the above redline in the next trading session or after touching the below line it will give breakout. RSI and CCI are neutral whereas the MACD has given a sell signal.
On the daily chart, the stock is moving in pattern taking the support of redline. Apart from trendline the price also takes the support of 50DEMA. If the stock breaks the 50DEMA support then the price can go up to ₹99. If the stock moves upward and crosses the above redline in the next trading session or after touching the below line it will give breakout. RSI and CCI are neutral whereas the MACD has given a sell signal.