Tata motors - weekly CMP 388
Updated
Rounding bottom + triangle consolidation .
After a huge RB breakout, Stock is in triangle consolidation.
For long, 360-375 looks like a strong demand zone. Can add long positions around these levels or average here.
Targets can be 448-491-547-605.
Always trail your profits in positional trades.
Breakdown of support may lead to test 340-317-280 levels also. Maintain your SL according to your risk appetite.
Undercurrent is bullish.
After a huge RB breakout, Stock is in triangle consolidation.
For long, 360-375 looks like a strong demand zone. Can add long positions around these levels or average here.
Targets can be 448-491-547-605.
Always trail your profits in positional trades.
Breakdown of support may lead to test 340-317-280 levels also. Maintain your SL according to your risk appetite.
Undercurrent is bullish.
Note
415 levels achieved today.Trail your SL always
Note
448 - 480 achievedNote
500 - 510 achievedNote
530 levels achieved
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