TATA MOTORS LTDPembelian
Buy Tata Motors
Tata Motors Ltd (NSE Cash)
LTP: 291
Support: 306 / 312
Resistance: 285
The candles resisted 306 levels for the first time in January and took support at 280 / 285 levels in the month of March. We can understand the strength of 280 / 285 levels as the chart has been taking support at these levels since months now.
Something really small went wrong on 6th July 2021 which triggered a fall from the highs of 351.55 to lows of 289.50 till yesterday, the 28th of July 2021 which comes up to almost an 18% fall in 22 days. This is huge.
It took the chart 6 months to gain 20% but around 22 days to lose 18% just because of a small issue which every other car manufacturer is facing. This doesn't seem right.
I think this is where we should enter into long positions in Tata Motors with a Stop Loss of any level before 280. Tata Motors may re-test 350 levels quite soon.
LTP: 291
Support: 306 / 312
Resistance: 285
The candles resisted 306 levels for the first time in January and took support at 280 / 285 levels in the month of March. We can understand the strength of 280 / 285 levels as the chart has been taking support at these levels since months now.
Something really small went wrong on 6th July 2021 which triggered a fall from the highs of 351.55 to lows of 289.50 till yesterday, the 28th of July 2021 which comes up to almost an 18% fall in 22 days. This is huge.
It took the chart 6 months to gain 20% but around 22 days to lose 18% just because of a small issue which every other car manufacturer is facing. This doesn't seem right.
I think this is where we should enter into long positions in Tata Motors with a Stop Loss of any level before 280. Tata Motors may re-test 350 levels quite soon.
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.