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.