Auto sector has not participated much in the NIFTY rally, but seems that the index is getting a push now. TATA MOTORS seems to be a good candidate. After recovering from low, it is consolidating nicely at a important fib level (seems like accumulation is going on). The stock is trading above near/med/long term moving average.
Trade active:
A visible breakout has started on the chart. It is still not late to enter.
Auto sector seems to be in momentum and this is one of the good candidates to benefit from the rally.
Don't believe me? Just observe it on roads ;)
I am sure you guys will do your own due diligence before taking any position.
Do write your doubts in the comments section, I will be happy to clear them.
Happy Trading:)
Auto sector seems to be in momentum and this is one of the good candidates to benefit from the rally.
Don't believe me? Just observe it on roads ;)
I am sure you guys will do your own due diligence before taking any position.
Do write your doubts in the comments section, I will be happy to clear them.
Happy Trading:)
