Kinnari_Prajapati
Long

TATAMOTORS, Try to WALK with an Investors.

NSE:TATAMOTORS   TATA MOTORS LTD.
Last two candle created a remarkable form. This is not actually high accurate sign for up move. Yet, Investors understand the inside movement of this stock.

Suppose to take entry in this stock between 156-157.5, then protective stoploss should be below 152 and first target 168-171 and next for investors 180-190.
HAVE OPENED A BUTTERFLY ON THIS STOCK.
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Awesome analysis, as always. I would still be careful with longs in june atleast.
+1 Reply
@Vikalpbothara, All comments are saying is RISKY for long, something is wrong. I usually marked when thinking the flow of individual traders indirect although Long term investors, smart money, FII etc. against this flow. Let see what happen this time. its really being interesting.
+1 Reply
@Vikalpbothara, yes good one.
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Vikalpbothara Kinnari_Prajapati
@Kinnari_Prajapati, THANKS FOR THE AWESOME ANALYSIS
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in accumulation phase, still a bit of fall pending IMHO, can bounce a bit!!
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@Gopal_Dhamija, Yes it might crack therefore I have written: "This is not actually high accurate sign for the UP-move".
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@Kinnari_Prajapati rightly pointed Sister.
+4 Reply
165 is going to be a strong resistance

a daily closing above 165 is required for an up-move to start.

on Fundamental side - Tata motors does not make a profit & their year on year earnings growth rate was negative over the past 5 years.

i will play with tata motors once a decisive move above 165 takes place ,.
+3 Reply
@MAYA_MUMBAI, All the points are good. Let see what eye is looking for investors.
+1 Reply
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