ashokakbari

Tata motor monthly chart..

Long
NSE:TATAMOTORS   TATA MOTORS LTD
Get happy investors.. its time to buy not to cry.. Tata motor buying zone 80-90.. investment only.. not for trading.
Buying zone for Investor : 80-90
Target 1 : 300 around
Target 2 : 400++

Comments

Many Thanks For Great information
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ashokakbari manoranjan2050
@manoranjan2050, you are welcome
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It seems correct that the price may go down to 50 lvl, from the chart posted. But, whether that kind of price is suggested for TAMO??

Better strategy could be start buying from this level to 50 lvl in a staggered manner.

Rs 50 was a long time back, now it is not seen.
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The purpose writing in comment to enhance my learning because am not expert just from few months read couple of books on TA and based on my theoretical writing down my comments .It will great if you correct me .

1.When i am looking into daily chart not able to find any reversal pattern
2.On weekly chart I found that it had broken third drive which indicate lower target on fibo level 1.272 and 1618 which is 84 and 52.
3.If I am looking into weekly RSI is still around 26 and looking into RSI level back tested data it had made low of 21 and 22
4.On fundamental side TATA Motors have 74% of revenue from JRL which facing geo political issue in North america related to export of car from Europe . Previously duty was 20% but Trump administration had made it to 25% which impacting on Profit margin and Dealer profit margin also.And in China also its facing issue over dealer profit percentage which makes sales of JLR down.
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MAFIAPINKU shashankpt
@shashankpt, i am aso new bro where from you got news
+1 Reply
shashankpt MAFIAPINKU
@MAFIAPINKU, from company Annual report
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ashokakbari shashankpt
@shashankpt, Thanks for comment, I am not using any indicator, RSI is just for reference but on monthly chart its near big time frame support, and harmonic says its at PRZ .. so its better to invest here for few years, it may break previous swing top, which is 600.
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shashankpt ashokakbari
@ashokakbari, Thanks for replying me
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some people are saying it will go 25 :)
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ashokakbari TUSHARDEHRA
@TUSHARDEHRA, may be ppl always give their view.. but we have to take our decision .. always try to invest when market fall.. but only A grade companies.. there is tata steel also looking good in this price. its market and there is Big risk.. should ask own adviser before investing ;)
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