Tata Motors DVR : Analysis on Chart & Point of Entry

In weekly chart, breakout is visible , therefore chart analysed on different parameters.

The short term resistance level will be trendline i.e., 10% from current level.

Daily Chart & Point of Entry - For a year, stock was range bound from Rs 180 to Rs 242. Recently price given a breakaway gap and follow up with yearly resistance breakout. Correct entry level will retest level, multiple scenario mentioned in chart.

Technical Indicator – ema, volume and RSI

Thanks
-AJ

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Комментарий:

consolidation phase.

Комментарий:

resistance breakout

Комментарий:

short term target of 10% achieved.

Cup & Handle Pattern but price at resistance.

Book partial profit and re-enter above neckline.

Сделка закрыта: достигнута тейк-профит цена

Сделка активна:

The resistance trendline breakout in weekly chart.

Entry at current level or above Rs 303
Stop Loss below Rs 264
Target Rs 373

Комментарий:

strong momentum in stock !

Сделка закрыта: достигнута тейк-профит цена:

target of Rs 373 achieved !!

Strong momentum, may face some resistance at ATH i.e., Rs 388