TATA MOTORS
- Stock has formed head and shoulder formation in daily chart, this indicates further price rise can be seen if stock made a bullish breakout.
- Recently stock showed sudden increase in volume this will favor bulls, on upper side stock will find trend line resistance around 551, further price rise can be seen once stock closes and holds above 551.
- Chart also indicates that stock also holding 100 DMA support, as long as holds above 100 DMA further price rise can be seen as shown in technical chart no3.