We could observe a Positive divergence through RSI and MACD in Tata Motors. One can clearly find a bullish bias especially with the momentum of current up move.
170 is a key area from price action action perspective as the stock has reacted to this level historically. Fib 23% coinciding at that level makes it even more significant. Hence, even though we hold a...
TATA Motors is downtrend in both long term (Weekly chart) and short term (15 mins chart) as per technical.
Price oscillation expected around 161, but eventually, it will fall to 150
Target 1 : 156.7
Target 1 Date : 30th Jul, 2019
Target 2 : 151.9
Target 2 Date : 8th Aug, 2019
Chart is price vs time, so generally i predict time as well.
Personally, I square...
Tata Motors has touched major demand zone and bounced back. Expecting to move higher when trend line breakout happens. I am posting only my views here. Do your own analysis before you go long or short.
Tata Motors, which has been already week on the back of Brexit and JLR performances has traded along a bearish Price action recently. Apparently we could observe a Bear Flag pattern which suggests a very deep drop in price. According to the pattern the stock is set to fall to 125 and that is a big 25% fall. Noticeable supports are at 160 and 152.
(Disclaimer:...
Last two candle created a remarkable form. This is not actually high accurate sign for up move. Yet, Investors understand the inside movement of this stock.
Suppose to take entry in this stock between 156-157.5, then protective stoploss should be below 152 and first target 168-171 and next for investors 180-190.
A daily close below 165 is a great shorting opportunity
Why 165 ?
because 165 is the number on daily chart where it has formed a support / resistance three times in the past
What should be the stop loss ?
Simple - a daily close above 165
what should be the target ?
Targets should be taken along the way up-to 150/155 !!
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.
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
TATAMOTORS
