TATA MOTORS LTDLong
ASCENDING TRIANGLE IN TATA MOTORS ???
- By seeing the daily chart it is been clear that it is forming ascending triangle but the question is how to trade ?
- To enter the trade we have to wait for breakout once it breaks 818-820 then the next candle has to breakout the high of of previous candle so we are double sure that it's not a fakeout.
- The target will be around 890-894, but it can give a pullback around 850-855 level so if anyone who missed that can buy on a pullback.
- Don't buy in hurry immediately after pullback check out the price action and behavior of market.
- Stop Loss will be around 750-755.
This is not any buy recommendations, This are all my personal view and knowledge which I am sharing.
- To enter the trade we have to wait for breakout once it breaks 818-820 then the next candle has to breakout the high of of previous candle so we are double sure that it's not a fakeout.
- The target will be around 890-894, but it can give a pullback around 850-855 level so if anyone who missed that can buy on a pullback.
- Don't buy in hurry immediately after pullback check out the price action and behavior of market.
- Stop Loss will be around 750-755.
This is not any buy recommendations, This are all my personal view and knowledge which I am sharing.
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