Long
Likely to break monthly resistance and go for a huge bull run
Tatacoffee broke a major weekly trendline with good volumes. Now it is heading to break a monthly resistance which is at 183 levels. The stock also formed a rounding bottom pattern.
If the stock closes above 184 on weekly chart that is by breaking rounding bottom pattern and monthly resistance then we can expect a huge bull rally with 120 points as profit/ share.
If the stock closes above 184 on weekly chart that is by breaking rounding bottom pattern and monthly resistance then we can expect a huge bull rally with 120 points as profit/ share.
Note
Multi year breakout on chart.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.