The stock has been under a good round of consolidation spanning over the past 18 months! The stock could be gearing up for the next leg in its long term journey and make new all time highs once it manages a weekly close above 640 odd levels!
If the stock manages to give a sustained close 179-180 levels, then more strength can be seen adding to the stock!
The stock seems to have given a break out however it is pending on close. If it manages to close above the break out region, then further strength can be expected in the stock going ahead!
If it is able to cross the upper trend line on a convincing basis on good volumes, more strength can be incoming then. For now can be kept on watchlist!
A consistent close above 177 for the stock and strength can be seen coming for the stock.
The stock has given a triangle break out on the line as well as the candlestick chart supported by good volumes! Some more strength can be seen coming.
The index has broken out from an inverted Head and Shoulders pattern on the hourly TF. It can dip below the breakout region before more strength can be seen going ahead in the following candles.
The Bank Nifty has given a hourly Cup and Handle breakout on a sustained basis. Further strength can be seen coming in the next few candle after a possible retest of the break out!
The stock has given a triangle break out and see more strength ahead if it manages to close here by the day end!
A close above 273 on a convincing basis can proper the stock to make fresh new all time highs! More strength can be coming!
Tata Motors has been a big laggard during the recent bull market rally where towards the end of the rally it had already started it downward correction which we are right now noticing. What becomes important to see in the stock is that the Fundamentals of the company are strong however they are currently facing some tailwinds on account of JLR performance and...
After a good round of consolidation the stock seems ready to move further ahead now, it gave a whipsaw range break earlier and has now able to close above the same suggesting weak hands have been forced to exit. More strength can be incoming in the weeks to come!
The index is forming a classical inverted Pennant and is currently undergoing consolidation. Bottoms are not made after such round of consolidations if history is to be referred to. It looks the index is gearing up for another round of selling once the lower trend line is breached. the view stands negated once a decisive close has been achieved above 10605-10610...
Another bearish set up! Has taken out two important levels! Can see more weakness in the days ahead!
After a good uptrend, after some good news on results and another Adani Group Company IPO, the stock made a Bearish Engulfing Candle there by opening up itself to further weakness! Can be considered!