Tata Motors trading in a channel and facing resistance near upper line of the channel. Sell trade can be initiated @ 730 - 740 with SL above 760 for the targets of 680 & 650.
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*Short Opportunity* -
Tata Motors has formed a flag pattern and it has given a breakout at the downside. Though the flag is showing bulls are active, RSI indicates that there are bears are active and the bearish breakout confirms this situation. Target will be the 9 Rs. downside.
Short Opportunity -
Tata Motors' strength has been weak and it is expected that it will fall down until there is any solution to the Russia-Ukraine war. We can go for short once it crosses the level of Rs. 427.75 for the target of Rs. 424.75.
Short Opportunity -
Tata Motors has shown both movements - upward and downward on the last trading day. Now the level of Rs. 410.55 is critical support and if its level gets breaks then this stock will go down and we can go for a short opportunity for the target of Rs. 408 and 404.70.
Happy Trading!
