Tata Motors Weekly Stock Chart on NSE: Technical Analysis
The trading of Tata Motors has reduced this week, and the price has moved sideways. Next week could see a negative candle being formed (price at end of week will be lower than beginning of week), if the buying interest slows down further, as people will think that the market has reached its top and so begin to sell their positions.
Technical Indicators:
- After a steep rise in the previous weeks, a second doji candle has formed this week. This shows that buying has slowed down and people are holding on to this stock.
- This is also visible in the slowed down volume of this stock. The market is waiting before deciding on whether to buy or sell Tata Motors.
Thanks for your valuabel guide.This will help me in taking decesion,on tatamotors.
ReplyDelete