Tata Motors is trading in a very narrow range and we expect a breakout soon on 15 mins chart. A short position below 302 for a small target of 298 from where it is expected to rebound. If we see a bullish breakout then we can buy for a target of 315 followed by 323.
Ultimately the momentum is still bullish and just we need to wait for a right entry level.
All the cases have been market on the chart.
Trade closed: target reached
The short target reached perfectly and as predicted the stock has bounced back from its low after taking support on the trend line.
Note
Took support right from the third level and now back up.
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