Siddharth_Ruhil

TATA MOTORS INTRADAY

Long
NSE:TATAMOTORS   TATA MOTORS LTD
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.
Comment: Took support right from the third level and now back up.
Trade closed: target reached: Back to 300 levels from bottom

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