TATA MOTORS Daily NSE Stock Chart Technical Analysis:
Tata Motors made a weak rise today and remained bound in a very short range.
Market Outlook:
- The price faced very strong resistance at 1371 today and failed at the attempt to rise above it.
- There is a good chance that the price will start falling, don't get into this one right now, unless you are looking for opportunities to short.
- When it starts to fall, the target for shorting would be around 1270.
Technical Indicators:
- There is a long term line of resistance prohibiting price rise.
- The price tried to break through this resistance line today as well as 4 days ago, and failed on both attempts.
- There was a Doji formation yesterday and a small range bound trading today.
- The price is very well into oversold levels.
- All indicators point downwards at the moment, the stock is ready to fall towards its support.
TATA MOTORS Daily NSE Stock Chart Technical Analysis
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