, 5 tweets, 3 min read
Analysis: #NYSE: #TTM

Case 28 #Tata Motors Limited ADR

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

Thread 👇👇👇

TTM 1/5
Don't be fooled by today's brief flurry to the upside. A lot of work has to be done before Tata can be considered bullish. Keep on selling it.

TTM 2/5
Chart 1
Monthly Chart: Price hasn't close above the SMA 20 since July 2017 and even a close above doesn't mean much, because there exists a #confluence of Fib and pivot resistance residing higher and broken #trendline support now turned resistance.

TTM 3/5
Chart 2
Weekly Chart: The #SMA 100 @ 17.24 is not reliable, above that we have channel resistance at a 19.70/40 slope.

TTM 4/5
Chart 3
Weekly Chart: The #Strategy - printed in the image.

TTM 5/5
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