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Tata Motors DVR : Analysis on Chart & Point of Entry

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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.

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Technical Indicator – ema, volume and RSI

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Thanks
-AJ

Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
註釋
consolidation phase.

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註釋
resistance breakout

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註釋
short term target of 10% achieved.

Cup & Handle Pattern but price at resistance.

Book partial profit and re-enter above neckline.

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交易結束:目標達成
交易進行
The resistance trendline breakout in weekly chart.

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

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註釋
strong momentum in stock !
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交易結束:目標達成
target of Rs 373 achieved !!

Strong momentum, may face some resistance at ATH i.e., Rs 388
Chart PatternsTechnical IndicatorsTrend Analysis

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