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...
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