Tata Motors Limited (NYSE:TTM) is dropping sharply today, trading at $33.06, -4.36 (-11.65%). The automaker fell on reported earnings that did not meet expectations. As the stock collapses, chart technicians look for a level where the stock will bottom and bounce sharply. The level I have come up with is $30.00. Should Tata Motors fall into this support point, investors can buy, expecting a sharply bounce and bottom in the stock.
Stock chart technical analysis support on Tata Motors Ltd