After whole day in 428-430 -finally it started moving upside.
Have a nice weekend.
If you have patience then this stock can zoom like rocket on upside once trouble period ends so I am likely bullish till 575-620 target zone on upside.
In current situation(short term), Tamo, if fails to hold above 430 then it can dip to 410-413 Zone where it will search for next support zone.
Tamo is struggling in the zone 429-431- Likely we will not take any buy or long positions unless it stays above 430.
Opened gap up - Moving above 435, Tamo looks positive for upside leg of 441-442
We will hold with stops below 429 - Going below 429 -it becomes little tricky.
Poked below 429- it is looking little tricky now & we will wait for some more time.
Tamo has holded 425-426 Zone twice - Looks good for 440-442 as upcoming hurdle or profit booking above 443 if sustains then 450-452 -2nd hurdle & finally 460-463 as 3 possible targets & if moves above 475 then likely it will rocket for 550- 625 levels.
Trading in tamo is tough at the moment as it is not able to decide the direction. So, we will be little careful at current levels of 434-435.
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ