There are no items in your cart
Add More
Add More
| Item Details | Price | ||
|---|---|---|---|
Stock name: Tata Motors
Pattern: Double bottom
Time frame: Daily
Observation: The stock was in a sideways to downtrend for the last few days, but had later formed a double bottom, indicating exhaustion in selling. We can also see heavy volume accumulation at lower levels. Once the neckline is broken, the stock can head higher.
You may add this to your watchlist to understand further price action.
Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.
News for the day:
2) Tata Passenger Electric Mobility Limited (TPEML), a subsidiary of Tata Motors Ltd, and Ford India Private Limited (FIPL), have today signed a Memorandum of Understanding (MOU) with the Government of Gujarat (GoG) for the potential acquisition of FIPL’s Sanand vehicle manufacturing facility," the Tata Group firm informed in an exchange filing.
3) BPCL is embarking on increasing its petrochemical capacity, a company official said. To remain competitive in the dynamic market and be future ready, BPCL has planned major investment in petrochemicals projects in next five years," said Sanjay Khanna, Director, Refineries, BPCL. The company could invest upwards of Rs. 30,000 crores in petchem expansion. BPCL plans to follow both debt and equity route and raise capital.
4) Ethos made a weak debut on the Dalal street as the luxury watch retailer was listed at Rs. 830, a discount of 5 per cent over its issue price of Rs 878 on BSE. On NSE, the counter was listed at a discount of 6 per cent at Rs 825 as against the given issue price.