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TATA MOTORS (May 20)TATA MOTORS ANALYSIS Tata Motors is currently Losing Momentum ADX Reading Below 25. The Indicator which i have developed shows a (+ve) reading. Expected Green Light tomorrow.(May 20) Check My Latest Post about Indicators to use for Intraday, which will help you to trade with ease. Thanks for using your Valuable time. Leave a like which helps me to do better. Follow me for Daily Signals, Get updates on, FOREX, Stocks, INDICES, Crypto, #--CFD's to be expected soon.
NSE:TATAMOTORSLong
by Young-Money
4
Tata Motors continues to look bearishTata Motors continues to look bearish and should get even more bearish going forward. Tata Motors price action has touched the upper channel and started retreating and appears to have just completed its fifth leg in a triangle. The prices should decline briskly in coming days. I would expect the prices should drop as low to Rs.263 in coming weeks and find a bottom somewhere in that region before resuming course in the next phase of an upward run. Now is a good opportunity to go short. The current price level is Rs.301....should the price go up and cross 306, the trade becomes invalid and one should exit with minimal loss. The risk-reward set up looks attractive now.
NSE:TATAMOTORSShort
by Yadunath
4