Key Levels for TATA STEEL are :
Upper Breakout~350
Interim Resistance~355
Final Resistance~361.50
**Lower Levels**
Lower Breakout~337
Interim Support~330
Final Support~324
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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...
TATASTEEL CAN BE BULLISH ACCORDING TO MY ANALYSIS
AT WEEKLY FIB 61.8
AT LOWER TRENDLINE
400 STRIKE PRICE HAS THE HIGHEST PUT OI
DISCLAIMER
TRADE/ INVEST AT YOUR OWN RISK
ALREADY IT CROSSED THE SUPPORT LINE STRONGLY AND ALSO IF IT FOLLOWS THE TREND LINE IT MAY GO DOWNTREND.OTHERWISE IT HAS A CHANCE TO GO UPTO RESISTANCE LINE.
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...
