amankavi
Long

TAMO Rebound from crucial support level

NSE:TATAMOTORS   TATA MOTORS LTD.
Scrip has started to take bullish reversal with MACD showing the way and been consolidating around certain price levels of 240-270 since past 2 months. Yet would require more confirmation to enter at price range as defined, if the scrip doesn't consolidate within certain price range and surges with good trading volume , One might aim for stipulated TPs as also seen in (Although price levels will differ)

Bullish momentum sign
1) MACD - The short-term average is going above the long-term average, which signals upward momentum
2) %william - Consolidation between "overbought" situation as marked in needed to gain momentum
3) One can trust with TAMO seeing it a good opportunity to invest in "Value" company at "rock bottom" price

Support - (SL) 243 or as per risk appetite

TP aiming towards 380+

Sorry, Had been away from posting ideas due to some adverse situations happening
Trade active
Trade active: MACD showing upward momentum signal :)

When the MACD is going above zero, the short-term average is above the long-term average, which signals upward momentum

Comment: *the last pattern had been morning star
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