Price look oversold (underevaluated)
Tatamotors is a big indian company with
nice financial data.
Price is in indian roupie so
it's approximatively 2$ and have a nice
upside potential
the technical analysis looks good.
we form a bullish bat at a very low point
(-80% since 5 years) and divergence on MACD
waiting for break of the structure and
trendline to enter long(more secured)
Tatamotors is a big indian company with
nice financial data.
Price is in indian roupie so
it's approximatively 2$ and have a nice
upside potential
the technical analysis looks good.
we form a bullish bat at a very low point
(-80% since 5 years) and divergence on MACD
waiting for break of the structure and
trendline to enter long(more secured)
Note
last performance from the lower point to the higher point (Nov 2008 to January 2015) where 2000%. seems interesting
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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.