Tata Motors: Looking good on charts from Medium term perspective

Tata Motors
CMP 669
- we are looking at weekly charts of Tata Motors
- the stock has seen a heavy beating in the last 8-9 months
- currently the stock is near trend line (starting from Aug 2021 and confirmation established in Jan 2023)
- current levels of Tata Motors has the potential to act as support zone
- from Risk:: Reward potential, stock looks good to be accumulated in portfolio from Medium to Long term perspective

Accumulation zone 620-720

Target 1 796-820 zone
Target 2 960-1020 zone

Risk Review zone if stock closes below 605 on weekly closing basis

Take care

Disclaimer
- the view expressed is not a recommendation but should be taken from educational purpose only
- I have gone wrong in the past and can go wrong again
- trading / investing involves risk and one should take decisions based on their risk appetite, time horizon and holding capacity
- pls consult your financial advisor if need be
- remember, it is your money, treat it wisely