STOCK : TATA MOMTORS LTD.
CMP : 581.90 (22/06/2022)
ABOUT : Tata Motors Limited is an Indian multinational automotive manufacturing company headquartered in Mumbai, Maharashtra, India. It is a subsidiary of the Tata Group, one of the largest conglomerates in India. Tata Motors is the largest automotive manufacturer in India and one of the top automotive companies globally.
TECHNICAL ANALYSIS CANDLESTICK CHART VIEW (WEEKLY TIME FRAME)
OBSERVATION :
The stock is trading in uptrend taking a good support of its trendline. currently the stock is near its ATH (All time high) resistance zone. if the resistance is broken & weekly candle closes above 600 further we may expect up side rally coming days. good for swing trading and short term. can expect (15-20%) returns.
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Note : It's important to note that the is just one of many chart patterns used in technical analysis, and traders should always use multiple indicators and techniques to confirm their analysis before making trading decisions
Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation to buy or sell. Please consult your financial advisor before taking any financial decision.
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