Daily chart,
The stock
TATAMOTORS rallied from 535 to 742 since 7 April 2025, and I think a cooling down (minor correction) should take place before resuming the bullish trend.
Expected to test the nearest support around 680
Technical indicator RSI is near the overbought zone. A signal that a correction (downwards or sideways) can be soon.
So, a new entry (Buy) should be in parts after testing the support 685 - 680 and rebounding.
Above 745 for 2 days, the target will be 880 then 1000
Consider the stop loss below 680
The stock
TATAMOTORS rallied from 535 to 742 since 7 April 2025, and I think a cooling down (minor correction) should take place before resuming the bullish trend.Expected to test the nearest support around 680
Technical indicator RSI is near the overbought zone. A signal that a correction (downwards or sideways) can be soon.
So, a new entry (Buy) should be in parts after testing the support 685 - 680 and rebounding.
Above 745 for 2 days, the target will be 880 then 1000
Consider the stop loss below 680
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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.
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.