Sell if sustains below 322 for the targets of 314, 309, and 304 until 330 is intact on the upside.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
NSE:TATAMOTORS
short only if find reversal at current PRZ level.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
As in the 45M time frame, we found signs of the possible short term downtrend to its previous levels of resistance.
Key levels where the price can re-enter are 306 followed by 290.
IF there will any bearish momentum in the market tomorrow then we can expect that tata motors will retest these levels in 2-3 days.
First level- 306
Second level- 290
Both on the...
Buy on Dips / CMP is 304
The breakout is clear and the uptrend since 7th Jan 21 continues.
I say buy on dips because this sudden and sharp uptrend might lead to a correction upto 250 levels.
The risk level is high but so is the reward. Checking the daily charts (resistance not available on hourly charts), the first resistance is at 360 levels followed by 410...
RR is not favorable, only for aggresive traders.
Sell if sustains below 240 for the target of 228, 216, and 205 until 254 is saved on the upside.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
