Tata Motors-1-Chart Analysis

2024년 5월 19일

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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2024년 6월 5일

액티브 트레이드

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

2024년 7월 30일

액티브 트레이드

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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2024년 9월 7일

액티브 트레이드

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.

2024년 9월 15일

거래청산: 스탑 닿음

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

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2024년 10월 22일

노트

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.