Tata motors CMP:953.95; RSI: 55;
Tata motors, chart is showing signs of fatigue and weakness, is poised to slide into consolidation phase and may retrace- back to a zone of (Rs 840-775). Tata motors is fundamentally strong counter will be a good buy in a zone at 800-850. Sentiment may reverse for a momentarily if script closes above breakout ceiling of 1070 on closing basis for 2 consecutive days, then swing-target of 1220 is also possible.
On long term basis Target-1 is positioned at 1550 level and new leg of rally may take script to 2020 levels in 10 to 12 months’ time frame.
As of now no new position should be taken in the script, those who hold the script should keep a strict stop loss of Rs: 898.
New position should taken either at 800-850 level or on breakout confirmation @1070 .
✅If you resonate with the Ideas, pls Share, Like & boost ideas and follow to never miss a new idea! ✅
Tata motors, chart is showing signs of fatigue and weakness, is poised to slide into consolidation phase and may retrace- back to a zone of (Rs 840-775). Tata motors is fundamentally strong counter will be a good buy in a zone at 800-850. Sentiment may reverse for a momentarily if script closes above breakout ceiling of 1070 on closing basis for 2 consecutive days, then swing-target of 1220 is also possible.
On long term basis Target-1 is positioned at 1550 level and new leg of rally may take script to 2020 levels in 10 to 12 months’ time frame.
As of now no new position should be taken in the script, those who hold the script should keep a strict stop loss of Rs: 898.
New position should taken either at 800-850 level or on breakout confirmation @1070 .
✅If you resonate with the Ideas, pls Share, Like & boost ideas and follow to never miss a new idea! ✅
交易开始
Tata Motors is in time and price correction zone, soon it will breakdown and will fall into accumulation zone
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。