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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