Tata Motors long setup
Updated
Tata motors after making low of 340, turned UP after showing positive divergence with RSI on Daily chart and from Weekly Demand Zone
Now it should play with Fib retracement level
SL 339
T1 = 364
T2 = 380
above 380 it will show real strength to retrace back to
T3 = 390
T4 = 400 and above
good risk reward for positional buy for a year or 2
Now it should play with Fib retracement level
SL 339
T1 = 364
T2 = 380
above 380 it will show real strength to retrace back to
T3 = 390
T4 = 400 and above
good risk reward for positional buy for a year or 2
Note
after lot of drama, price back to 340 which was weekly support area, if sustains here then it would be strong reversal. stock was UP 4% today after eating everybody's SL. good buy in cash
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