HunnyKhanna

Tata Motors : All set to breakout of bull flag

Long
NSE:TATAMOTORS   TATA MOTORS LTD
Tata motors have formed bull flag and have been in the range for quite some time. Today it took out resistance of 321 and if closed above it could go and test first 330 and than final resistance of 358.

For short term traders

1. Buy 320 call for june series @ 24.65 with target of rs 30 first and than rs 45 if it reaches our 358 second target
2. also one can buy in cash segment at current price with immediate target of 330 and second target of 358

Best of luck, please trade cautiously as markets are unpredictable.

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