Tata Motor DVR has tested the lower band bollinger band level and its ready to give a bounce back to test the upper bollinger band level of Rs. 265.
Maintain strict Stop Loss.
Disclaimer : Do your due diligence before investing. For educational purposes only.
This is follow-up on Tata Motors DVR. Can check link to related ideas.
Target 1 achieved. More than 27%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please...
Tata motor has seen a steep fall and now it's consolidating in a range but according to the technical pattern of pole and pennant, it has to see more downfall from here.
a good support levels are at the level of 280
Reading Weekly Chart doesn't show many points in recent history to derive levels.
While multi year resistance , 200, was taken out two weeks back, the volume was historic high.
Price went from 200 to 300 in just 2 weeks, and third week saw retracement of 30-35%.
If retracement become deep till 50%, then it coincide with 3 year old history of 2018 weekly...