TATAMOTORS Long for Medium Term
The stock has been in consolidation mode since July 2023 in the range of 600/- to 660/-.
It broke out of this consolidation range and closed at 671.55 today the 15th Nov 2023 with a daily volume of 11.32 mil shares against the average daily volume of 9.03mil shares.
The stock has been consolidating above its all time high of 603.80 reached on 3rd Feb 2015, however it is still inside the daily sell zone of 666/- to 678/-
INFERENCE: The stock shows strength in the current state and one can go long after a close above 678/-.
Medium Term Target: We are looking at a medium term (4 to 6 months) target of 860/-. This is about 26% on 678/-.
It broke out of this consolidation range and closed at 671.55 today the 15th Nov 2023 with a daily volume of 11.32 mil shares against the average daily volume of 9.03mil shares.
The stock has been consolidating above its all time high of 603.80 reached on 3rd Feb 2015, however it is still inside the daily sell zone of 666/- to 678/-
INFERENCE: The stock shows strength in the current state and one can go long after a close above 678/-.
Medium Term Target: We are looking at a medium term (4 to 6 months) target of 860/-. This is about 26% on 678/-.
Catatan
the stock has started moving up as we had analysed.
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.
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.