Tata Motors, India's leading vehicle manufacturer has announced that effective 8th May, it will increase prices of its passenger vehicles, averaging 1.8%, depending on the variant and model.
The management of the company recently expressed its intent to become debt-free over the next three years at its FY20 AGM and is open to partnership in domestic PV business given the segment’s capex needs.
Tata Motors Ltd is also planning to build vehicle scrap yards in Howrah, Karnal, Hyderabad and Greater Mumbai along with its dealers.
Here is what technical analysis says about TATA Motors
EMA Crossover: As you can see on chart 5 EMA(Blue) crossing 13 EMA(Orange) & 26 EMA(Red) from the below which is a bullish crossover.
MACD Crossover: MACD Line crossing Signal line from the below which is again a bullish sign
RSI: RSI is increasing which indicates the stock is in uptrend
Suggestion: Strong BUY
NOTE: This is not a recommendation to buy or sell. Views are personal and for educational purpose only. We are not SEBI registered.
11/05/2021 : open around 310
08/06/2021 : made a high of 356, almost 15%