pandeysameeran

TAMO: ready for fall

Short
NSE:TATAMOTORS   TATA MOTORS LTD.
463 is a new support, but since it was a sudden gap up we can expect a gap-filling and hence a downtrend is expected. The RSI reached 90s level and hence overbought zones and it sustained for many trading sessions in a row; the correction was long due.
But post-correction the uptrend can be expected to continue. Bollinger bands are supportive.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.