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TATA MOTORS LTD
Long
Updated

Classical Head and Shoulders - Breakout Awaited

Tata Motors has made a classic head and shoulder pattern on daily charts, need breakout above 470 for confirmation.
Upon confirmation one can enter for target of 480, 490 & 500. SL 460.
Note
Text book stoploss shall be right shoulder lower that is 450.
Note
No confirmation move yet
Note
Below 450 this is no more valid pattern.
Note
No confirmation move yet
Order cancelled
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Chart PatternsHead and Shoulders
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