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vanathi
Jun 4, 2017 6:43 AM

TataMotors - Neutral! 

TATA MOTORS LTD.NSE

Description

Price action is narrowing within the range which implies breakout is going to happen soon. Close above 485 will make the price to move towards 510 and 515. Close below 475 will move the price towards 460. Will update stoploss, targets once the break out is confirmed.

Comment

Sideways movement...

Trade active

Short

Trade closed: target reached

460

Comment

This called worked as intraday call. trade activated on 6th june and closed on same day!
Comments
rajvthete
see Tata motor for downside,,,,,,as i said
vanathi
@rajvthete, Yes you are right :)
NamantSatiya
this pattern looks like a pennant,breakout bias is on the upper side.
sbhirang
There is one big reason why tatamotors will touch 560. June 19th DVR will be listed in SENSEX, it's a once in a decade opportunity For a fundamentally strong share like tamo
vanathi
@sbhirang, I agree.
rajvthete
i think Tata motor will not go up
vanathi
@rajvthete, Why you think so?
rajvthete
@vanathi, bcz its overbought & chart have too many resi.
vanathi
@rajvthete, Ok. Lets see.
sbhirang
@rajvthete, check my reason
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