Tata Motors is Rangebound at Daily Chart and at an old support level 945. It has been moving in this range since 27feb 2024. Earlier 945 was a resistance which became the support later.
There is strong chance of reversal from this level and touch 1045 again, It has already touched 1045 three times, so this time it may break 1045 to touch 1150. But if it comes down then it may touch 900 levels, so there is opportunity to accumulate more. We may accumulate between 900-950.
In case it breaks the 900 level then 890 should be SL, as next support will be 800.
For learning and education purpose only.
There is strong chance of reversal from this level and touch 1045 again, It has already touched 1045 three times, so this time it may break 1045 to touch 1150. But if it comes down then it may touch 900 levels, so there is opportunity to accumulate more. We may accumulate between 900-950.
In case it breaks the 900 level then 890 should be SL, as next support will be 800.
For learning and education purpose only.
Trade active:
Tata Motors touched 919 on 16may and reversed to touch 954 on 18may. About 4% move within 2 days is really good, hope someone captured it.
Power of Price Action.
For learning and education purpose only.
Power of Price Action.
For learning and education purpose only.