Topic Statement: Tata Motors has experienced a significant correction in recent months, approaching a crucial support level that could signal a potential turnaround.
Key Points:
1. The stock has corrected to the 61.8% retracement level, suggesting strong support at the current price level.
2. The price is near the 180-day moving average, indicating oversold conditions.
3. Weekly MFI is at 30, further confirming the stock is oversold.
4. The company reported a profit decline of -22% QoQ for the third quarter, which may cause the price to fall further, even below the 61.8% level.
Key Points:
1. The stock has corrected to the 61.8% retracement level, suggesting strong support at the current price level.
2. The price is near the 180-day moving average, indicating oversold conditions.
3. Weekly MFI is at 30, further confirming the stock is oversold.
4. The company reported a profit decline of -22% QoQ for the third quarter, which may cause the price to fall further, even below the 61.8% level.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.