Tata motors Daily chart shows that the price is sitting on support at 160 levels.
At the same time, one can see Bullish Divergence which indicates a bounce from here.
If 160 level fails, Stock will find support at 134-140 levels.
Based on my PredictiveSystem's signals, its going to be a RED candle on 05-Jun-2018 for TVSMOTOR
Sell Below: 564.9 for targets -
T1: 560.7
T2: 558.1
T3: 555.5
SL: 569.4
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting...
Based on my PredictiveSystem's signals, today (10-May) its going to be a GREEN candle for TATAMOTORS
Buy above: 342.9
Target-1: 345.5
Target-2: 347
Target-3: 348.6
Stop loss: 340.2
Note: These calls are based on my own analysis. It may or may not work well for you. So please carefully consider whether it is suitable for you and please do your own research before...
As per fibonacci analysis,
Tata Motors is still trading in the green box which is a bullish signal.
It has consistently retraced from 0.5 fibonacci ratio.
Expect a strong upmove towards 460 levels where it will get a resistance from the confluence line .
Keep a strict stoploss of 425.
Any closing below 425 will take the stock further down by atleast 5%
Stock price is Trading at long term support of 200 WMA placed around 430.
Stochastic and RSI are Plotted around the oversold zone on the weekly charts
Weekly ADX indicator has turned bullish
One can buy the stock between CMP and 430, for a target of 520, and place stop loss at 420 on closing basis.
It is been observed that the price action forming a bullish ABCD pattern, indicating further move up. It has retraced to 23.6% levels and now it shall further move up to 38.2% levels.
Target: 3482
Stoploss: 3375
The price action just filled the previous gap down space and now indicating weakness due to long upper wick. The last candlestick that had long upper wick also known as Gravestone Doji, a trend reversal pattern, that suggests rejection of higher prices. It is wise to short at current levels with stoploss.
Target 1: 309
Target 2: 301
Stoploss: 332
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