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kugan_vel

Tata Motors is near 7Y trendline - Breakout or Retest?

Long
TATA MOTORS LTD. (NSE:TATAMOTORS)  
kugan_vel  
NSE:TATAMOTORS   TATA MOTORS LTD.
Trend Analysis Chart Patterns Technical Indicators
3
0
trendanalysis chartpattern indicator
Tata Motors is trading near 7Y trendline.
1. A huge breakout - Low probability as volume didnt increase significantly
2. A consolidation may happen over the trendline before breakout
3. Minor correction before breakout

Overall it looks bullish for long term.

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