Tata Motors 3-year bull-run under threat as stock tumbles 36% in 5 months

Quick Summary:

The stock had soared 544 per cent or over 6-fold to a high of Rs 1,179 in July 2024 after a breakout above the super trend line on the monthly scale in January 2021, shows chart.

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Thus, as long as the Rs 734 - Rs 759 support zone is held on a closing basis, Tata Motors may attempt to recoup some of its recently lost ground.

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Category: BusinessFinance

Markets: India

Topics: Technical analysis Tata motors share price today Tata motors stock price today Tata motors outlook Tata motors long-term trend Trading strategies Tata motors chart Tata motors share price Tata motors stock price Tata motors Market technicals

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News Sentiment: Neutral

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Article Type: News Report

Published On: 2024-12-13 @ 14:19:38 (10 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 441 words

Reading Time: 3 minutes read

Sentences: 11 lines

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Copyright Owner: © Business Standard

News ID: 24395790

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