Tata Motors has a strong support around 442 in both weekly and monthly charts. Any dips can be bought with a weekly closing basis SL of 442, for a target of 510-519. Daily close above 469-470 will confirm the uptrend.
One of the stock which can perform best with good % of retruns for long term investors...
Technical Reasons (monthly):
1. It has made a symmetrical triangle breakout in upward direction.
2. Bollinger Bands are expanding and candles are riding the upper band though we can conclude trend is strong.
3. RSI is also in a neutral...
Company is a niche player in fresh fruits and pulp exports.
Stock has been consolidating for the past 2 years. Promoters have recently increased stake in the company.
Recently it seems like someone has started accumulating the stock and the price is ready to break out from the narrow triangle.
MACD has just crossed above signal and is above 0.
RSI also is in an...
on daily chart HEROMOTO is looking strong and it just need average results to move higher and start a new bullish trend.
For Short term (till results out) target is 3400 with SL being 3100.
If results are good, buy on every dip for the targets of 3700, 4000 accumulate up to dips of 3000.
As discussed in in.tradingview.com
the counter has at last broken the consolidation and started the upward journey. Its for long term perspective, the counter will definitely give excellent returns in 2 to 3 years span.
Enjoy Trading...Trend is Friend...
It is been observed on the Monthly Chart that the price action is trending up by making higher lows and higher highs (indicated on the chart with a long upward moving arrow). Hence it is providing a good investment opportunity at current levels. It is also fundamentally strong company and with interest rate and inflation going down shall benefit the company's...
Apollo Tyre - one of the leading Tyre manufacturing company of India and a wonderful scrip for the traders as well as investors in India, was in a downtrend since quite some time. The counter hit high of 249.8 in the month of February 2015. The high was achieved due to the continuous famous bull run of 2013-14. The counter suddenly fall in the month of February...