IndexAce

TATAMOTORS Support Breach: Bullish Opportunity!

Long
IndexAce Updated   
NSE:TATAMOTORS   TATA MOTORS LTD.
๐Ÿšจ Stock Update: TATAMOTORS ๐Ÿšจ
Date : 16-05-2024

TATAMOTORS breached major support today due to heavy selling pressure and closed at 936.40. I expect the stock to consolidate for a while, which presents a good opportunity to accumulate.

I'm bullish on this stock and plan to buy small quantities below 930 with a stop loss at the next support level (872.10). My initial target is 1069.

Stay tuned for important updates and adjustments. Upvote and follow for regular updates! ๐Ÿ“ˆ๐Ÿ’ผ
Trade closed: stop reached:
Stoploss price (872.10) triggered today.
Trade active:
๐Ÿ”” Stock Alert: TATAMOTORS Update

On June 4th, 2024, TATAMOTORS shares hit our stop-loss level of 872.10 due to the Lok Sabha election results, dipping to a low of 855.40 before closing at 903.90.

๐Ÿ“ˆ New Entry Analysis:

Best Buy: Below 894.90
Stop-Loss: 806.20
Target: 1105.10
Stay tuned and ready to capitalize on this opportunity! ๐Ÿš€

#StockMarket #TATAMOTORS #Trading #Investing #MarketAnalysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.