Tata Motors-1-Chart Analysis

19 May

Tata motors CMP:953.95; RSI: 42.73;
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
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5 Haz

İşlem aktif

Tata Motors is in time and price correction zone, soon it will breakdown and will fall into accumulation zone

30 Tem

İşlem aktif

TATA Motors, has broken the breakout ceiling ( above 1070) and trading above the same from last few days, now a swing target of 1120 t0 1240 is visible on chart, stay invested as mentioned earlier.

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7 Eyl

İşlem aktif

As per the last 2 months data, the Stop loss has been modified as below. While the outlook on the script has not changed.

Long Term Target: 1550; Stretch Target: 2020;
Stop Loss: 995 on closing basis.

15 Eyl

İşlem kapandı: durdurma seviyesi

Stock has turned Bearish. closing this thread. A will come up with the updated chart.

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22 Eki

Not

Stock has traveled in a similar fashion as suggested on May 19th, its in long term bearish zone, buy only at the price mentioned in this post.