jeanneymar011001

Seems like Tatamotors is ready to take off

Long
jeanneymar011001 Updated   
NSE:TATAMOTORS   TATA MOTORS LTD.
Price look oversold (underevaluated)
Tatamotors is a big indian company with
nice financial data.

Price is in indian roupie so
it's approximatively 2$ and have a nice
upside potential

the technical analysis looks good.
we form a bullish bat at a very low point
(-80% since 5 years) and divergence on MACD

waiting for break of the structure and
trendline to enter long(more secured)
Comment:
last performance from the lower point to the higher point (Nov 2008 to January 2015) where 2000%. seems interesting
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