TATA MOTORS - 1H - LONG

Feb 27

Tata Motors is ready to break out. If break out happens then we can see good move on UP side.

Feb 28

Note

Retest done with 15 minutes candle. Expecting more up movement now. Lets see.

Mar 1

Note

976 now. It is trying to break previous high. If it closes above 978 in 1 hour candle then it goes further up.

Mar 1

Note

resistance at 976 looks strong. if reversed then support at 967 to 969. then it may go up again.

Mar 5

Trade closed: target reached

I'm closing this trade because it went up 60 points (973 to 1033 today high). After this, there is no way to say how high this can go technically. At least I cannot guess :) .

But demerging TATA Motors business is a good news to TATA and it can go up further in n ext 12 months ( until demerge is done)

Mar 5

Note

If holding then it should break today high 1033 and close to up further else support at 983 to go up again.