psumita108

Tata motors- strong bear grip

Panjang
NSE:TATAMOTORS   TATA MOTORS LTD.
No doubt the script has performed exceptionally well and we are yet to witness more of it but before that we are also going to witness some sort of correct. Market always gives you second chance and you can consider this as one of it. On back-testing the historical records of this script it confirms this bearish move in script. On analyzing the monthly candlestick of Feb 2021is acting as the dominant candlestick and it's low is acting as support level for the script i.e at 269.75. And on the daily chart system EMA (11 & 22) has already confirmed the bearish move for the script, we might see a retesting from the MA and continuing the bearish move. Wait to buy the script at discounted price to get the most of the movement.

More details will be updated in sometime.....
Penafian

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