Buying zone for Investor : 80-90
Target 1 : 300 around
Target 2 : 400++
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.