โAs of the latest available data, here are the key support and resistance levels for Tata Motors Ltd. (TATAMOTORS) for the upcoming week:โ
๐ Weekly Support and Resistance Levels
Type Level Value (โน)
Support S1 773.38
S2 756.47
S3 737.93
Resistance R1 808.83
R2 827.37
R3 844.28
These levels are derived from technical analysis and serve as potential entry, exit, or stop-loss points for traders. A breach below the support levels could indicate a bearish trend, while a breakout above the resistance levels may signal a bullish move. โ
๐ Technical Indicators Overview
RSI (14): 43.38 โ Indicates neutral momentum.
MACD (12,26): 0 โ Suggests a neutral trend.
Moving Averages:
20-day SMA: 655.61 โ Slightly below current price, indicating a potential short-term downtrend.
50-day SMA: 655.34 โ Aligns with the 20-day SMA, reinforcing the neutral to bearish outlook.
200-day SMA: 655.93 โ Further confirms the downtrend. โ
๐ Weekly Outlook
For the week, Tata Motors is expected to trade within the range of โน737.93 (support) and โน844.28 (resistance). A move above โน844.28 could lead to further upside, while a drop below โน737.93 might suggest a downward trend. Traders should monitor these levels closely and adjust their strategies accordingly.
๐ Weekly Support and Resistance Levels
Type Level Value (โน)
Support S1 773.38
S2 756.47
S3 737.93
Resistance R1 808.83
R2 827.37
R3 844.28
These levels are derived from technical analysis and serve as potential entry, exit, or stop-loss points for traders. A breach below the support levels could indicate a bearish trend, while a breakout above the resistance levels may signal a bullish move. โ
๐ Technical Indicators Overview
RSI (14): 43.38 โ Indicates neutral momentum.
MACD (12,26): 0 โ Suggests a neutral trend.
Moving Averages:
20-day SMA: 655.61 โ Slightly below current price, indicating a potential short-term downtrend.
50-day SMA: 655.34 โ Aligns with the 20-day SMA, reinforcing the neutral to bearish outlook.
200-day SMA: 655.93 โ Further confirms the downtrend. โ
๐ Weekly Outlook
For the week, Tata Motors is expected to trade within the range of โน737.93 (support) and โน844.28 (resistance). A move above โน844.28 could lead to further upside, while a drop below โน737.93 might suggest a downward trend. Traders should monitor these levels closely and adjust their strategies accordingly.
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