TATA MOTORS Chart analysis

• Daily chart shows the stock trending up above the 50 DMA. Stock had a dip below 50 DMA which lasted for a short time. So unless 50 DMA breaks convincingly this stock will remain in an uptrend.
• Weekly chart shows price converging between resistance and support lines. Pattern is showing more upsides for the stock. Larger corrections can be expected only if the trend line gets broken. For now price is respecting the trend line which is good for the bulls of tata motors.
• Breakout above1382 will continue this never ending uptrend.