There is a good opportunity of short position in TATAMOTORS DVR that is saddled with dwindling sales of its product across the globe. Technically, one can observe formation of ascending triangle pattern in a daily time frame. The stop loss is set at 89.05 and Take profit is fixed at 70.75
In continuation to the previous idea on the 1 hour time frame of Tata motors DVR, this is what I see, on the bigger picture. I think the B wave is currently in progress. We probably are going to see more ' time stretched' up moves near term.
Tata Motors DVR looks like its forming a corrective pattern after breaking out of the downward trend line. Once the corrective pattern is finished in the 1 hour time frame, I think we will get to see an upside- either a corrective upside (C wave for further decline) OR a move to retest the 240 top. Near term, I guess there is atleast one upmove pending after the...
Tata Motors DVR has witnessed a falling knife since last one year. Price has came extensively down, Now there is support zone near 70 level. We are expecting tata motors dvr to bounce back from current levels till 140 initially. Daily and weekly charts has positive divergence where we can see that prices are making new low but RSI is turning upwards which...
Used indicator RSI, Supertrend and 30MA line. All indicator are giving sign that now stock break down further. This is only my own research for Educational Purpose.
Used indicator RSI, Supertrend, and 30MA line. All indicator are giving sign that stock now break down further. This is only my own research for educational purpose.
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TATAMTRDVR
