Tata Motors (Bearish View)

Currently the stock is trading at 26% discount from all time high levels.

Tata Motors (Daily):

1. Stock has closed below 200 Days Exponential Moving Average
2. Forming Running Gaps (making it more bearish)
3. Increase in selling volumes
4. Stock is heading towards the previous breakout level after long consolidation and distribution phase. Support is around 360 levels.

View Point:
1. New investments can be made around 360 levels

Addl Points:
1. FII/FPI have increased holdings from 13.35% to 14.57% in Dec 2021 qtr.
2. Mutual Funds have increased holdings from 6.50% to 6.52% in Dec 2021 qtr.

Note:
For education purpose only, do your own analysis or consult your financial advisor before taking position.