jayaprakash99

TATAMOTORS Gonna Descend ?

Short
NSE:TATAMOTORS   TATA MOTORS LTD
TATAMOTORS gave a breakout on 4-year weekly trendline and currently its trading near the upper trendline of the parallel channel on Daily Chart . It has formed a Doji candle on Weekly chart and volume has been decreasing for the past three weeks. It may correct from the current levels either to the lower trendline of the parallel channel or to the 200 DMA/EDMA levels before it resumes its upward journey.

Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing.

Happy Trading.