singajai

TATA Motors near Symmetrical Triangle Breakout - Level & Target

Long
singajai Updated   
NSE:TATAMOTORS   TATA MOTORS LTD.
TATAMOTORS is moving upwards since 3 day after getting support from the trend line and now near to Symmetric Triangle breakout. On 3rd July 2020 Stock saw High Trade and Delivery Quantity that show positive sign and upward move.

Stock strikes with High increase in Call and Put OI and Aggressive New Long position buildup.

Showing BULLISH in all indicator:
CCI is Treading UP
RSI is Treading UP
Stoch is Treading UP
Closed above previous High
----------------------------------------------------------
Support : 100 and 95 and 92.70
Breakdown : 101.74
CMP : 103.45
Breakout : 107.5
Short Target : 110 and 115 and 120
----------------------------------------------------------
Negative Point:
1) ATR is decreasing since 3 day
----------------------------------------------------------
(Disclaimer: This is only for educational purpose.)
Trade closed: target reached:
Target 110 hit. You will see more upward movement.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.