It is near a good support level around $30, almost 40% below its November all-time high.
It comes down after a triple top.
The most that could fall is to $26.
It has the potential to return to its previous high at $36 and if the trend continues, to go as high as $48-50.
It is backed by Credit Suisse, Morgan Stanley, Bank of America and BlackRock
Its main institutional holders include Invesco, Morgan Stanley, Goldman Sachs and Royal Bank of Canada.
Morgan Stanley Increased its position by more than 2,000% according to the latest September report.
Its models are innovative and will have more relevance as electric vehicles and smart city technology become more popular.
From my perspective, it has a...
*It has been completing a head and shoulders pattern.
*It is 55% below its all time high from December last year. The most that could fall from my perspective is to 60%, around $15, from there a rise would continue.
*Some of its institutional holders include BlackRock, Deutsche Bank, JPMorgan, Bank of America, Goldman Sachs, among others.
*Its stochastic is at...
Tata motor after a correction of aprox 90% from top forming a very rat monthly divergence.
The stock can form bottom very soon.
Level to watch 50-60 for bottom.
We can expect 600 target in few years after bottom is done.