TAMO- Tata Motors in excellent uptrend, likely targets 448-548

26-May-21
TATAMOTORS

Stock in excellent uptrend, but faces lots of hurdles ahead


Pro's

• Strong uptrend, and consolidating.
  New 52w Hi, Plus Hight and tight consolidation indicates likely upmove soon
  

Likely Targets: 432-448, 548-564

Cons

Overall upmove likely to face multiple resistances ahead.
Consolidation ahead could be likely long drawn, choppy, yet healthy between 300 to 430 range
Below 281, likely targets 236 to 200.
Sustaining below 200 may weaken it furthur