Its interesting Price action in Weekly candlestick , the stock try to head up but with very less or no range in the price and last week it ended with higher price rejection , here comes the interesting part if price failed to take off from its previous support level then will that level will hold current downward trend ? will it be stopped failing further form PRZ of 450/430 ? will investors take interest in stock ? and push prices ? its very deciding factor if the price fails to hold this PRZ then you can look for long term downward trend of TATA Motors , if rebound then lets enter the party waiting the price to reach the Support Zone Cheers
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it seems investors are seriously taking it ?? lets watch tomorrow , if possible I am looking for bull ride Cheers
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Ultimately the stock reached the support Zone,( Not Support Price point) Now its time to look weather investor will take interest in this stock or not ?? lets wait for investor accumulation period before jumping on , This time it will be rocket move , You an expect the price to make Much higher then the last ride Cheers
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This week you can expect the stock to go for accumulation process in case investors take interest if not you can look for further downward move Regards
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You can Notice how the support and resistance are identified and placed to understand the Price movement , Now the stock is with full Energy You can expect the stock to shoot up to 550 in Coming weeks Regards