Date: 10-May-2024
Rating: Buy - Positional Trade
LTP: Rs. 1,046.65
Targets: (1) Rs. 1,065 --> (2) Rs. 1,155
SL: Rs. 977 on daily close basis
Technical View:
•
TATAMOTORS is in its primary uptrend and was recently going through it's secondary downtrend.
• After touching the high of 1,065.60 on 5-Mar-2024, it has retraced 14% to 921.20 level.
• On 10-May-2024,TATAMOTORS has broke out from its secondary down trend with higher than average volume.
•TATAMOTORS has also closed above 20 DMA and 21 DEMA on 8-May-2024.
• RSI is trading at 63.72 and MACD is trading at 11.28.
• Looking good to continue upward journey.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Ideas are published for learning purpose only.
Rating: Buy - Positional Trade
LTP: Rs. 1,046.65
Targets: (1) Rs. 1,065 --> (2) Rs. 1,155
SL: Rs. 977 on daily close basis
Technical View:
•
TATAMOTORS is in its primary uptrend and was recently going through it's secondary downtrend.• After touching the high of 1,065.60 on 5-Mar-2024, it has retraced 14% to 921.20 level.
• On 10-May-2024,
TATAMOTORS has broke out from its secondary down trend with higher than average volume.•
TATAMOTORS has also closed above 20 DMA and 21 DEMA on 8-May-2024.• RSI is trading at 63.72 and MACD is trading at 11.28.
• Looking good to continue upward journey.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Ideas are published for learning purpose only.
Stock Trader | Love swing and positional trading | Not SEBI registered but aspiring to be |
Follow on X: x.com/vikrant_252
Follow on X: x.com/vikrant_252
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.
Stock Trader | Love swing and positional trading | Not SEBI registered but aspiring to be |
Follow on X: x.com/vikrant_252
Follow on X: x.com/vikrant_252
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.