TATAMOTORS trade ideas
Will historical price cycle continue?NSE:TATAMOTORS
Tata Motors had 4 deep price corrections (more than 75%) in the past including the one from mid-2016 to early 2020.
Of the previous 3 deep price corrections, every time it has given multi fold up move from its reversal price before seeing a deep correction again.
From May 2020, price has reversed from ₹63.5 and has already moved up 337% as of today. Will it give multi fold returns this time as well and repeat historical price cycle? Only time can tell.
Disclaimer: This is in no way an advice for investment. Please consult your financial adviser before making any investments.
TATAMOTOR DVR Clear Breakout Enter into TatamotorDVR for Long-term investment (Holding Period for more than 6 months).
Big breakout on TATA MOTORSTATA MOTORS after 2017 crossed 200WMA
the volume is huge w.r.t previous week
this chart is clear example of price action volume
First rectangle : Accumulation
Second rectangle : small breakout retest and again accumulation
then big breakout with huge volume
we can not predict intensity of breakout but closely if we follow
price action we can read movements in the charts and accumulate for large moves
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TATA Motors Limited ( TATAMTRDVR) Bullish On weekly chart.NSE:TATAMTRDVR
TATA Motors Limited ( TATAMTRDVR) showing breakout to the level of 83 on weekly chart and looks good for those who are looking short to long term investment.
Right now it has a good support near 50.