Hello !!
Welcome to the quick update of TATAMOTORS. After a huge rally until 536, it took a correction. The correction is very much important for any stock to make a new high in the long term. With the onset of various wars and market factors, it dumped badly. As of now, it is trading at around Rs 395.
I think the stock should take a bounce from here as shown in the chart. It should not go below the trend line. As of now, it is trying to break the trend line. If the stock closed under Rs 392, there will be more downside until Rs 334. We can enter this stock once the picture is clear and the stock moves above Rs 399.
The expected entry one can take should be between Rs 399 to Rs 405 only if it enters the channel again. The expected targets are as below:
Rs 417
Rs 463
Rs 528
Please wait for the right moment to enter this trade and do not panic or FOMO. The market will surely be green in a few days as nothing goes down forever.
This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits.
Please like and share and comment on this idea if you liked it.
Welcome to the quick update of TATAMOTORS. After a huge rally until 536, it took a correction. The correction is very much important for any stock to make a new high in the long term. With the onset of various wars and market factors, it dumped badly. As of now, it is trading at around Rs 395.
I think the stock should take a bounce from here as shown in the chart. It should not go below the trend line. As of now, it is trying to break the trend line. If the stock closed under Rs 392, there will be more downside until Rs 334. We can enter this stock once the picture is clear and the stock moves above Rs 399.
The expected entry one can take should be between Rs 399 to Rs 405 only if it enters the channel again. The expected targets are as below:
Rs 417
Rs 463
Rs 528
Please wait for the right moment to enter this trade and do not panic or FOMO. The market will surely be green in a few days as nothing goes down forever.
This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits.
Please like and share and comment on this idea if you liked it.