Tata Motors share price down 2%, know what technical analysis
Tata Motors shares slipped by 2% in today’s trading session, raising concerns among short-term traders and investors. After a strong rally in recent months, the stock is now showing signs of temporary weakness. So, is this just a healthy correction or the beginning of a bigger move? Let’s break it down using technical analysis.
Current Market Snapshot
- Stock: Tata Motors Ltd
- Price Movement: -2% decline
- Timeframe: Daily chart
- Volume: Higher than average, indicating active selling
- Support Level: ₹670
- Resistance Level: ₹720
Let’s know why Tata Motors reduced the price and see the chat
- If you look at the given chart carefully, I have hit a support and resistance and trend line. If Tata Motors breaks the given support of ₹ 670, then the next support will be of ₹ 600 and there can be a fall of about ₹ 70.
- Anyway, there can be many reasons for the fall in Tata Motors share price, but one reason is that after making a consolidation move last month, it is now heading towards a downfall.
- For now this is just a first step, as soon as it breaks ₹ 670 point we will be ready for a downside trade, keep your eye ready, add this stock to your wallet and keep monitoring
Disclaimer :
The opinions and tips shared on Namosbull.com are for educational purposes only and reflect the views of individual experts. Trading and investing in financial markets involve risk. Please consult a certified financial advisor before making any investment decisions. Namosbull.com and its team are not liable for any financial losses incurred based on the content provided. So This is Tata Motors share price down 2%, know what technical analysis
