tata motors share price daily chart technical analysis
tata motors share on last trading session closed at 385 with gains.on daily chart tata motors share trend and momentum strong bullish and buy signal was at 300 levels.
trading way above all short term averages.on downside 366 is week average and first strong support.while below that 344 is month average and 322 is 3 month average and both strong downside supports.as trading at all time high and in uncharted territory upside resistance zone not clear but % trend shows 418 and 450 as upside resistances as well as target levels.
from short term traders 370-380 is buying zone with stoploss below 354 and expect target 418 and above in short terms.
tata motors share price weekly chart technical analysis
tata motors share on weekly chart shows positive closing in this week.this was 6 th week of gains for this stock.in these 6 weeks rallied from 292 to 389.almost 100 rupee run in very short term on heavy buying from strong hands.
on weekly chart trend and momentum is strong bullish and trading way above all averages.on downside 311 is 6 month average while 292 is 12 month average.in last 250 is 2 years average level and last support on weekly chart.while on upside 405 and 450 are % trend targets as well as resistance zones on weekly chart.
from medium term view,traders and investors keep stoploss at 350 and expect target 405 and then 450 on upside.
tata motors share price monthly chart technical analysis
tata motors share on monthly chart shows bullish trend and momentum.last 4 months closed with gains and continue this in this month also.in these 4 months rallied from 275 to 389.
on chart 220 is 3 years average while 165 is 5 years average and last support from investment view.on historical chart tata motors share shows with all split/bonus/dividend adjustment,all time low of 2 rupee in 2001 while now trading at all time high of 389.
tata motors is one of best automobile company with highest market cap in that sector for india.global converge and international brand makes it unique and its share must remain in your blue chips portfolio.
on chart 155-220 was investment zone and those investment in that range must hold investment with trailing stoploss of 280 and expect 490 on upside.