Nitin Bhandari

FOR March 15, 2021

TATA MOTORS WEEKLY

TAMO FUTURES 1st ACTIVE MONTH TECHNICAL GUIDE

Longer NBC-Point 201.50 Long Term Trend – UP

Shorter NBC-Point 293.50 Short Term Trend – UP

Weekly bull-bear fight zone 322.70

Last close = Neutral turning BEARISH

Support 306.50 - 313.60 Resistance 328.60-335.75

Short-term technical indicators have entered into a bearish zone, which means lower prices are possible
in the coming days. It went below the important level at 318 but managed to close back above. This
level for the next week is 319.30. A close below 309.50 will be further bearish and the possible target
is 280.

DABUR WEEKLY
DABUR FUTURES 1st ACTIVE MONTH TECHNICAL GUIDE

Longer NBC-Point 517.40 Long Term Trend – UP

Shorter NBC-Point 527.80 Short Term Trend – Neutral

Weekly bull-bear fight zone 522.10

Last close = Neutral turning Bearish

 Support 518.60 - 518.90 Resistance 533.00 - 533.40

Dabur technical indicators are in the overbought zone and curling down, which means caution. It
rallied above the last week`s important technical point 526.50 but couldn’t sustain at a higher level.
The level for this week is 525.50. A close below 518 will be bearish. A rally above 536 will be bullish.

Legal Disclaimer: Futures or options trading is considered a high-level risk and one can lose much more than the
capital invested. There is no guarantee as to future accuracy or profitability. Each trader and reader trades at his or
her own risk, and neither the author nor publisher assumes any responsibility whatsoever for anyone’s financial or
commodity market decisions. Support may represent favourable risk/reward places to buy if the trend is up.
Resistance may represent favourable risk/reward places to go short if the trend is down. The comments and trade
recommendations are primarily for the traders/investors/speculators of futures contracts of stocks, indices,
commodities, etc. These comments can be of value to traders/investors/speculators. These trade recommendations
are based on the studies done by the author and there is no guarantee of accuracy in the forecast. Those who take
these trades need to manage their risk by adjusting stop-losses, based on their risk appetite.