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Technical Analysis of (NSE: TATAMOTORS) Tata Motors Limited Fully Paid Ord. Shrs

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Technical Analysis of (NSE: TATAMOTORS) Tata Motors Limited Fully Paid Ord. Shrs:NSE: TATAMOTORS | TECHNICAL ANALYSIS | IAMVIMALSINGH

TECHNICAL ANALYSIS ON MONTHLY CHART

: Technical looks that the major trend is the bearish and short-term trend is also bearish, price strongly moving toward downside since 3-year recent support break at 275, Active Trendline is bearish, recently price break its 5 year low which will be at 199, next support will be at 140 it is also 7year low and same price having 0.38% Fib extension level.

 

 

FUNDAMENTAL ANALYSIS:

TATA MOTORS:

As you know that Standalone PE 125, making stock highly overvalued, but consolidated PE 4.31, will look like highly undervalued stock, but at the end stock price falling since 2 years, So our advice is that if you are looking very long term in this stock you can add more quantity at level of 200, Short-term target will be 275.

NSE: TATAMOTORS | TECHNICAL ANALYSIS | IAMVIMALSINGH

NSE: TATAMOTORS | TECHNICAL ANALYSIS | IAMVIMALSINGHNSE: TATAMOTORS | TECHNICAL ANALYSIS | IAMVIMALSINGH

 

OVERALL

FOR THREE MONTH: SELLING WILL BE GOOD.

FOR 1YEAR: NOT RECOMMENDED.

FOR 3YEAR: BUT WITH SHORT TERM TARGET: 270

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