TATA MOTORS | Good levels to enter | 45% upside | Volume support
CMP- 311
SL- 278 (closing basis)
Target - 430-450
16/7/21
- Recent fall gave good entry in the stock
- 280-300 is good support zone which is formed with committed VOL
- Any drop of price to lower trendline is very good buying opportunity (unless things don't change fundamentally)
- Stock is taking support from 100EMA in D and 20EMA in W.
- Latest VOL surge was at 300 level which is also a psychological level, can act as good support
- Larger view SL would be the lower trendline break with some catalyst
Any intraday penetration towards 280-300 level is good accumulation zone
SL- 278 (closing basis)
Target - 430-450
16/7/21
- Recent fall gave good entry in the stock
- 280-300 is good support zone which is formed with committed VOL
- Any drop of price to lower trendline is very good buying opportunity (unless things don't change fundamentally)
- Stock is taking support from 100EMA in D and 20EMA in W.
- Latest VOL surge was at 300 level which is also a psychological level, can act as good support
- Larger view SL would be the lower trendline break with some catalyst
Any intraday penetration towards 280-300 level is good accumulation zone