Tata Motors DVR : Analysis on Chart & Point of Entry

20 Nis 2023

In weekly chart, breakout is visible , therefore chart analysed on different parameters.

The short term resistance level will be trendline i.e., 10% from current level.

Daily Chart & Point of Entry - For a year, stock was range bound from Rs 180 to Rs 242. Recently price given a breakaway gap and follow up with yearly resistance breakout. Correct entry level will retest level, multiple scenario mentioned in chart.



Technical Indicator – ema, volume and RSI



Thanks
-AJ

Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.

5 May 2023

Not

consolidation phase.

8 May 2023

Not

resistance breakout

12 May 2023

Not

short term target of 10% achieved.

Cup & Handle Pattern but price at resistance.

Book partial profit and re-enter above neckline.

12 May 2023

İşlem kapandı: hedefe ulaştı

6 Haz 2023

İşlem aktif

The resistance trendline breakout in weekly chart.

Entry at current level or above Rs 303
Stop Loss below Rs 264
Target Rs 373

11 Tem 2023

Not

strong momentum in stock !

25 Tem 2023

İşlem kapandı: hedefe ulaştı

target of Rs 373 achieved !!

Strong momentum, may face some resistance at ATH i.e., Rs 388