Tata motors near a break out level.

Tata motors on the daily time frame has closed near a resistance zone and can give a good movement above the resistance zone.

20 and 200 ema are close enough and there can be a bullish moving averages cross over.

A intraday and swing trades can be initiated in the bullish side once the stock starts closing above the 440 level.

Target :- 453, 471
Stop loss :- Close below 20 ema on daily chart.

The stock is also good for a long term gains and can give good profits.

Markets have created new ATH and the stock can also follow the trend.

Wait for the stock to start trading above 440 levels and 3% gain can be captured in a positional trade.


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