Long on TATA MOTORS for Long Term
Diupdate
The stocks has risen by almost 9% in last 5 trading days. Also, stock touched an intraday high of 439.30.
The price moved above 200 day EMA on 3rd Apr 2023 which indicates trend reversal.
Now it is trading above 21D EMA, 50 D EMA and 200 D EMA, which indicates optimism.
Last two day's delivery volume of 41 lakhs was higher than weekly and monthly average delivery volumes of 33L and 30 L respectively , indicating rising investor participation.
To avoid false breakout, traders are advised to buy the stock only @425 or above.
Fundamentals:
Domestic passenger vehicle sales grew45% YoY and exports jumped 36% YoY. Whereas CV sales grew 22% YoY
The price moved above 200 day EMA on 3rd Apr 2023 which indicates trend reversal.
Now it is trading above 21D EMA, 50 D EMA and 200 D EMA, which indicates optimism.
Last two day's delivery volume of 41 lakhs was higher than weekly and monthly average delivery volumes of 33L and 30 L respectively , indicating rising investor participation.
To avoid false breakout, traders are advised to buy the stock only @425 or above.
Fundamentals:
Domestic passenger vehicle sales grew45% YoY and exports jumped 36% YoY. Whereas CV sales grew 22% YoY
Catatan
Target 1 achieved!!!!Catatan
TATA MOTORS breached previous ATH of 605.8 to reach new ATH of 624.8.As predicted all targets stand achieved!!!
47% returns before completion of 3 months!!
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