Buy TATAMOTORS
Updated
A Bullish Golden Cross is seen on Weekly charts of TATAMOTORS.
Potential upside is possible to 444 levels and then 539-581 levels. Stoploss can be kept below the pennant or @319 (conservative)
The upmove can be fast as price has broken out of a pennant pattern on the weekly charts.
Also price has broken upward from a long term price zone (indicated by red rectangle)
Risk Reward is 4:1
Potential upside is possible to 444 levels and then 539-581 levels. Stoploss can be kept below the pennant or @319 (conservative)
The upmove can be fast as price has broken out of a pennant pattern on the weekly charts.
Also price has broken upward from a long term price zone (indicated by red rectangle)
Risk Reward is 4:1
Note
Stop loss mentioned has hit.It is advisable to exit the trade
Note
Those who have more appetite for risk can hold on with SL of 285 (i.e below pennant as mentioned earlier
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