📊 Script: TATAMTRDVR (TATA MOTORS LIMITED - DVR)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY AUTO
📊 Sector: Automobile and Auto Components
📊 Industry: Automobiles
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover.
📈 Already Crossover in Double Moving Averages.
📈 Trendline Resistance Breakout.
📈 Right now RSI is around...
- on the daily chart : today's strong red candle breaks the level
- personal opinion : this could be the continuation of the downtrend
- best move : SELL
- on the weekly chart : reaching a level and rejecting it going downwards
- on the daily chart : rejecting the level and making a slight pulback that ended with rejection also
- personnal opinion : the price got a 90% chance of going down
- best move : on monday keep a look out for the price breaking the VWAP in a bearish movment , when that happens go in as...
# The stock has completed a 7 months consolidation and is appearing to be breaking out.
# The volume profile suggest that more than 90% of the volume has happened below the current price of around 164 in last 4 years.
# This suggest that majority of sellers are out and the rise from current level towards the target might be swift.
# A fibonacci retracement of the...
# With recent fall in Tata motors shares due to guidance on weak volumes in Q2, the stock is down sharply.
# It seems to be taking support at 100 Day Simple moving average.
# If there is a closing above 146.75 on a day, one can go long with a SL at 139.9 and a target of 160 for a risk reward of 1:2
POSITIONAL INVESTMENT VIEW IN #TATAMOTORS GIVEN CORRECTION FROM 0.5 DOWN TO UPSIDE FIB LEVELS
BUY TATAMOTORS CMP @ 308
ADD MORE ON DEEP 270.70 & 244.45
STOP LOSS - 236 CLBS
TARGET - 398 489 605 800 100 1200 ++
INVESTMENT IN MULTIBAGGER STOCK #TATAMOTORS
NSE:TATAMTRDVR
TATA Motors Limited ( TATAMTRDVR) showing breakout to the level of 83 on weekly chart and looks good for those who are looking short to long term investment.
Right now it has a good support near 50.
This market shows some strength after a long decline. Took a long position at 188 with stop at 185. There is daily resistance at 200 and weekly at 220. Breaking of 200 to upside will fuel further movement due to short covering.
