Key Levels for TATA STEEL are :
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TATAMOTORS had given a symmetrical triangle breakout down in Feb 2018 & is trading in a bearish trend since breaking out. Today we have seen a 9% downwards move. But at these levels shorting fresh might seem very risky, so what can we expect from here? If Technical Analysis is to be believed then there's more downside left in TATAMOTORS.
Expected Target in Long...
As government has given motors sectors 6 years to transform their sector, Tata motors is continuously falling and may experience some downfall due to Brexit and from JLR(JAGUARLANDROVER), Here I have plotted some support and resistance that should work for Tata Motors in Upcoming weeks, Support for 2 weeks data, Tata Motors is trading in downside channel as you...
Tata motor has broken major support of 152.7 ( 78 % retracement level from previous upward rally) and formed three bearish candle below it which confirms accelerating downward moment, and showing it will test old low of 129.15 and will go below further. This is no more pullback wave as it broke 78% retracement level but its new primary downtrend wave. If you look...
NIFTYAUTO index has been on a downtrend traversing through key supports. Now 7000 seems to be the support of last resort for the index.
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We could observe a Positive divergence through RSI and MACD in Tata Motors. One can clearly find a bullish bias especially with the momentum of current up move.
170 is a key area from price action action perspective as the stock has reacted to this level historically. Fib 23% coinciding at that level makes it even more significant. Hence, even though we hold a...