Tata Motors on the edge of breakout upside

Dec 6, 2016

Tata Motors has been trading in down trend and has retreced exactly critical 50% of fibo level also forming falling wedge which signs bullish movement after breakout. as tata motors experiencing trouble due to Mistry's ouster. It seems to break the wedge pattern anytime upside when market shows some strength. traders may go long on tata motors after the breakout upward with a target of 471 first and 517 second target in near term.