Dear Friends,
This is my first video of Live analysis of the stock, in general I'll be plotting the trend lines and done my home work and start explain, now I'd like to post a live analysis, many people laging on tha, It will be helpful for new people who are get enter to the stock market.
Please leave your comments, give your support for more analysis...
TATA MOTORS, creating head and shoulder pattern has sustained below the neckline and the 20 period EMA below the 90 EMA also supports the bearish move. The chances of the share to touch the 150.35 level is very likely. If we get a daily closing below this level, next achievable target is the low at 130.
NSE:TATAMOTORS Tata Motors Buy 118.05 or above
Entry 118.05 or above
Target NA
SL 105
Strong support at Rs 106.15 has been respected two times. has shown good bounce back from that price.
If it sustains the todays close price then it is good buy. Rs. 128.1 is short term target,
Rs. 160 is next major resistance .but can be hold for the long term of 8+ months...
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed...
Security is trading between 116 and 120. Upper limit is 122. Bulls will be active above 122 if sustained for 15 mins.
Bias - Bullish ⏫
Note - Please wait till the levels are active. View negated if stock is below 116 on closing basis. This is an educational idea which would be updated on further price action observations. In no ways it is a buy/sell recommendation.
Tata Motors Limited is an automobile company. The Company is engaged in manufacture of motor vehicles. The Company is engaged mainly in the business of automobile products consisting of all types of commercial and passenger vehicles, including financing of the vehicles sold by the Company. The Company's segments include automotive operations and all other operations. The Company's automotive segment operations include all activities relating to the development, design, manufacture, assembly and sale of vehicles, including vehicle financing, as well as sale of related parts and accessories. In the automotive segment, the Company manufactures and sells passenger cars, utility vehicles, light commercial vehicles, and medium and heavy commercial vehicles. The Company's all other operations segment mainly includes information technology (IT) services, and machine tools and factory automation services. The Company operates in over 160 countries across the world.
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TATAMOTORS
