Tatamotors:183.30 is at a trend line support now with the indicators are highly over sold.
Both Stochastic & WR% is highly over with a kind of Breakout from the Res: line.
It can make a move towards the next resistance 282. Stop Loss:165
The long term TL (blue line) will be a strong resistance if it cross the 282 level. However fundamental values doesn’t support ...
Tatamotors gave a very good breakout near 172 levels and seen the 186-188 levels after making head and shoulders in daily charts. However it declined 6-7 points on last trading session. Is it a technical correction or heading for a major slump? Head and shoulders and Fib extension suggests an possible upside of 205-207 whereas slow stochastics suggests a bearish ...
MOMENTUM/SWING TRADE IN TATA MOTORS
STOCK CONSTANTLY TAKING SUPPORT ON 20-DMA
CROSSING 50-DMA TODAY(WAIT AND WATCH)
RISING 20-DMA+RISING 50-DMA WITH AN OPEN INTEREST BUILT-UP
BUY@178.5 (IF CLOSING ABOVE)
technically tata motors formed an inverted head and shoulder patter. If it's breaks above the price level 188 we may go for a short and long time buy or before entering we have to wait for results announcements.
Tatamotors is nearing zone of resistances of 180,186 and 200. It fell a lot and the fundamental seems to have improved a bit with improved sales. If it closes above 180, buy with SL 169 with open target (Tgt 1 : 194, Tgt 2: above 200)
One can look for Going long on brake of the structure , Let me remind you that this move will be very slow , that means its corrective move to upside , once it move away form your buy , put an stop to cost +1 and let it run , and book using trailing stop near the forecast area