November 24, 2016

TATA MOTORS Testing 200 Day SMA

  • Tata Motors hour chart shows price trading in a range between 450 and 475.
  • Hour chart also shows a GAP down from which the stock is yet to recover. Price moving sideways in a range with an Unfilled GAP above it.
  • If the 200 SMA at 450 levels fails to hold the GAP shown above will stay unfilled for some months. So bulls of TM must hold on to 200 SMA To avoid bigger correction.
  • NIFTY One hour and 15 Minute Charts.

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