Tata Motors - Hammer Candlestick
Updated
We have seen rounding bottom breakout in Tata Motors and then pullback and test the resistance line. The resistance line now become support line (Change of Polarity). On weekly basis we found Hammer Candlestick and if go on daily basis its Bullish Piercing. Both candlestick are good enough to indicate that price will rise from the given support level.
Buy above 310
Stop Loss 273 below
Target 1 355 (Shooting Star high will act as resistance)
Target 2 375 (Previous Resistance)
Target 3 400 (Resistance and Round Number)
Final Target 480
Buy above 310
Stop Loss 273 below
Target 1 355 (Shooting Star high will act as resistance)
Target 2 375 (Previous Resistance)
Target 3 400 (Resistance and Round Number)
Final Target 480
Trade closed: target reached
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