TATA MOTORS DVR
- As per previous report published on TATA MOTORS DVR stock failed to close above it major trend line resistance of 330, and we have witnessed selling from that level, after that stock made a low of 281.50. (Click here to see previous report published on TATA MOTORS DVR).
- Now daily chat indicates stock has recently made a gap up open , this indicates as long as stock trades above its gap up it will be favored by bulls and stock can move up , as shown in graph no 1.
- Technical Charts also indicates that stock is currently moving in a range bound zone , so as long as stock trades in between its range , trend will not be clear, But once stock closes and stays above 330 then stock will be favored by bulls and we can see bull rally for next 1-2 trading days.
- Intraday close watch once stock starts trading above 330, if holds above 330 then intraday bulls action is expecting, close watch.
- Suggested Reading - TATA MOTORS too made a gap up open , will be favored by bulls as long as holds above.
- If stock moves up from current levels then will be facing next strong fibonacci retracement resistance around 360 as shown in graph no 3.
- Click here to see all the free trading reports (tips) published by us on TATA MOTORS DVR.
- Stock tips for tomorrow
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