binuppaul
Long

TATAMOTORS- CONSOLIDATION WITH AN UPWARD BIAS

NSE:TATAMOTORS   TATA MOTORS LTD
The home grown automotive manufacturer from the Tata stable has been the favorite stock of those who followed Sell on Rise strategy. The southward movement in prices got arrested near 60 levels and ever since the stock has been making an effort to capture the lost ground. The recent price movement suggest a consolidation with an upward bias. One can see a triangle formation in the daily chart . If the price breaks above the triangle (marked as Long Entry Price Point in chart) the stock can attempt the price targets mentioned in the chart. The stop loss levels for this trade set up is also mentioned in the chart. The overall improvement in product profile on account of introduction of new brands could also aid this price movement from a fundamental point of view

Note:

The first version of this analysis appeared in the educational blog of Center for Research in Asset Markets and Economy (CRAME), Christ (Deemed to be University) Lavasa

DISCLAIMER

The content provided in CRAME blog is for educational purposes only. CRAME or the analyst(s) do(es) not assume any responsibility for the financial decisions/actions made on the basis of the analysis presented in the blog.

Analysts

Prof. Binu P Paul PhD
Prof. Soumya V ACSI

Comments

Did Tata motors break today
Reply
binuppaul ronyalexarangath
@ronyalexarangath,

Sorry about the delayed response. For positional trades the long entry point need to be comfortably breached and the price need to close above it. For any intraday calls (I usually dont give it here) look for entry condition to be satisfied in 30 mts candles
Reply
binuppaul ronyalexarangath
@ronyalexarangath,

Long entry triggered
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out