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TATA MOTORS LTD

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TATAMOTORS trade ideas

TATA MOTORS S/R for 1/7/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. 20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
NSE:TATAMOTORS
by zenthosh
TATA MOTORS S/R Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
NSE:TATAMOTORS
by zenthosh
Tata Motors-1-Chart AnalysisTata motors CMP:953.95; RSI: 55; Tata motors, chart is showing signs of fatigue and weakness, is poised to slide into consolidation phase and may retrace- back to a zone of (Rs 840-775) . Tata motors is fundamentally strong counter will be a good buy in a zone at 800-850. Sentiment may reverse for a momentarily if script closes above breakout ceiling of 1070 on closing basis for 2 consecutive days, then swing-target of 1220 is also possible. On long term basis Target-1 is positioned at 1550 level and new leg of rally may take script to 2020 levels in 10 to 12 months’ time frame. As of now no new position should be taken in the script, those who hold the script should keep a strict stop loss of Rs: 898. New position should taken either at 800-850 level or on breakout confirmation @1070 . ✅If you resonate with the Ideas, pls Share, Like & boost ideas and follow to never miss a new idea! ✅
NSE:TATAMOTORS
by DrPrashantVerma