Tata Motors SHORT
Tata Motors has been down trending in Sep and Oct 2024. Since Nov, it was on a pullback which clearly ended with today's (18th Dec) breakdown. Expecting downward target of 665.
Trade aktif
Review: Tata Motors trended down further & then pulled back to 20 DEMA with a long wick candle on 27-Dec-2024. Daily RSI continues to be in bear territory (below) 40 but made a bullish divergence. Bearish view remains. Stop loss shifts to High of 27th Dec candle which is also in 20 DEMA and VWAP zone. Monthly auto sales numbers forecast and release is a key watch out item in upcoming week. Catatan
Review: 3rd Jan 2025's wide range, high volume candle negates immediate downward trend by Conquering 20 DEMA. Would deem trend to be sideways at this point and await further price action. Though Tata motor's numbers are NOT great, favourable sector price action after Dec sales data provides support.Trading ditutup: stop tercapai
Tested 20 DEMA on 7th Jan 2025 and closing the Trade
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.