Reuters logo
7 months ago
BUZZ-India's Tata Motors hits near 2-month high; further upside seen - technicals
January 10, 2017 / 7:29 AM / 7 months ago

BUZZ-India's Tata Motors hits near 2-month high; further upside seen - technicals

** Tata Motors Ltd gains as much as 2.96 pct, its highest since Nov 11

** Stock's 20-day simple moving average cuts above its 50-day SMA, seen bullish for the stock reut.rs/2id0djR

** Trend Intensity indicator (TI) rises to 16 from Monday's level of 14, indicating a new uptrend

** MACD is also positive and above its signal line, favourable for the stock

** As per Thomson Reuters StarMine data, 33 of 42 analysts covering the stock have "buy" or "strong buy" rating, five as "hold" and four have "sell" or "strong sell" ratings on the stock

RM: gaurav.dogra.thomsonreuters.com@reuters.net

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below