TATA MOTORS - DOUBLE BOTTOM - DAILY CHART.
Tata Motors is almost 40% down the the ATH, seems a good opportunity to Invest for long time perspective.
It is trading below 50ema and making a Double Botom pattern at daily time frame. RSI divergence is clear. Right now at an old support. In case it goes down further then it may touch 665-670 levels. In that case it will make Triple Bottom pattern.
Nifty Auto Index is also making a Double Bottom pattern so there is probability of a reversal.
If you like my analysis, please follow me as a token of appreciation :)
in.tradingview.com/u/SatpalS/
For learning and educational purposes only, not a trading advice. Pls consult your financial advisor before investing.
It is trading below 50ema and making a Double Botom pattern at daily time frame. RSI divergence is clear. Right now at an old support. In case it goes down further then it may touch 665-670 levels. In that case it will make Triple Bottom pattern.
Nifty Auto Index is also making a Double Bottom pattern so there is probability of a reversal.
If you like my analysis, please follow me as a token of appreciation :)
in.tradingview.com/u/SatpalS/
For learning and educational purposes only, not a trading advice. Pls consult your financial advisor before investing.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.