amritamashar

RSI Divergence on Weekly and Daily chart

Long
NSE:TATAMTRDVR   TATA MOTORS LTD
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Tata Motors DVR has witnessed a falling knife since last one year. Price has came extensively down, Now there is support zone near 70 level. We are expecting tata motors dvr to bounce back from current levels till 140 initially. Daily and weekly charts has positive divergence where we can see that prices are making new low but RSI is turning upwards which indicates downside move is limited.

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