nextgen
Long

Tata Motors on the edge of breakout upside

NSE:TATAMOTORS   TATA MOTORS LTD
185 9 6
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.
Nicely played out nextgen SIr !!
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@dravya, thanks
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dravya nextgen
@nextgen, line also touched today :)
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@dravya, ,first exit the long positions, and enter again if it trades above the line 23% fibo level then again a buying opportunity, it has also shown selling pressure today
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PLS SET TGT 1 AND 2
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nextgen anupminj7
@anupminj7, first 471 and second 517
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anupminj7 nextgen
@nextgen, i am asking because i have diff tgt
up side
pls analysis an set tgt
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nextgen anupminj7
@anupminj7, Me Anil,I have set target as per fibo levels 38% & 23% what you also drew on fib. Ipersonally do not use abcd or gartley tools.
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anupminj7 nextgen
@nextgen, ok no problem
both having same view and THAT IS UP SIDE
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