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Tata Motors-Strong Resistance zone at 280-292

Tata Motors copy

Tata Motors

Strong Resistance zone at 280-292

Less Likely to hold this zone.

Traders may short sell close or within this zone.

Momentum Indicators will be overbought in this zone.

Lower top lower bottom formations likely to continue.

Today it has kissed 280 at 34 bar EMA.

Conclusion

It may soon retest the 260-255 Levels.

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Mr.Guru is a registered investment advisor for Moneymunch, he is a regular guest on popular channels and writes for several newspapers and financial journals. They've black magic of stock market analysis because studied charts over 20 years.

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