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TATA MOTORS LTD
Long

#TATAMOTORS - Downward channel & Rising wedge

By GSKASAR
TATAMOTORS is trading in a downward sloping channel & is moving towards its upper channel resistance. On a shorter-term frame, it is forming rising wedge. Even though rising wedge is a bearish pattern, by looking at the structure it looks like upside breakout is on the cards which will take the stock towards its channel resistance.
Chart PatternsDescending Channel
GSKASAR
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