Welcome. As per my analysis of Tata Motors stock. There is a high probability of a bearish move with a very negative candle in the last channel of the Pitchfork orbit. With a very large red confirmation candle on the daily chart, it indicates a strong entry of sellers into the stock. Good luck everyone
Observations:
-------->>After a strong bullish gap up price moved to upside strongly.
--------->> Now price is at Resistance and sellers are aggressively taken the charge to move the price back to 440 zone, where previous resistance
broken strongly. If previous resistance acts as a support we will expect a price to move upwards again from...
Sl - 136
Same stock like TATA MOTORS LTD but it covers the business of JAGUAR Cars and LAND ROVER also.
There is one more fundamental difference between two of voting rights of share owned.
But it is also a good share to be purchased.
See the analysis of TATA MOTORS on my profile.
So folks feel free to DM or comment.
SHORT TERM TRADING IDEA AND I POSTED THIS CHART ANALYSIS BEFORE
WATCH THAT ANALYSIS AND YOU CAN FIND RIGHT WAY TO INVEST AND TRADE.
IF YOU LIKE MY ANALYSIS THEN PLEASE LIKE/SHARE/COMMENTS.
Goodluck Capital Investment Advice
Buy Tata Motors Ltd (NSE: TATAMOTORS)
CP# - 83.8
Buy Range - 80-85
Target - 200-220
Duration 1.5-2 years
Potential Return^ 150-170%
# Closing price on May 14, 2020.
^ Potential returns are calculated based on the median of buy range.
