Simple TA on Tatamotors. Price above 172, bullish, for a target of 190. If it turns around now, downside target is around 154 level.
I think the SP has bottomed out in the medium to long term point of view. We can have multi week/month rally from here and now. So don't see much of a downside risk
Keep a safe stop loss level.
PS: I do currently hold a small PE...
Analysis getting cumbersome so posting a new chart and keeping an update in the previous chart.
Strategy for tomorrow: Bank Nifty is in a tricky situation. At present price there is not much of a risk-reward ratio. So better wait it out for a particular trade option.
However the situation that could unfold may be:
Can short @ cmp 29459 with SL @ 29520 for a...