TATA MOTORS GETTING READY FOR AN UPWARD RALLY

TATA MOTORS has made a triple bottom structure and given a 7 month old trendline breakout. It's closest resistance is 450 - buy above this level for short term target of 458 and 465.

Another positive sign is that the price has started moving above 100/200 EMA.

Once we have a closing above 465, we can expect mid term targets of 475 and 500.

Disclaimer: This idea is for educational purpose and kindly buy as per your risk management. I always encourage partial booking 1-2% profits and use a strict trailing stop loss. Idea is positional and only carry position on day closing basis.

Learn & earn,

Dr . Tanya Kumar