TATA MOTORS
- Stock current moving up from 38.2% fibonacci retracement, this indicates as long as stock holds above 491 bulls will be favored in TATA MOTORS.
- Stock is also moving up from 50 DMA this will favor bulls, but once stock closes below 50 DMA then stock will show first sign of weakness.
- If Tata Motors moves up from current levels and closes above its recent top @ 531 then stock will be ready for new bull rally and if holds above 531 then will find resistance around 555 its 161.8% fibonacci retracement.
- Intraday closes watch once Tata Motors starts trading above 531, if holds above then intraday bulls action is expecting.
- Free trading tips.
No comments:
Post a Comment