Tata Motors is holding higher levels in daily as well as a one-hour time frame. . Reason to Buy: 1) Healthy retracement at 0.236 fibo levels. 2) Major breakout in the daily time frame. 3) Holding higher levels and forming pole and flag patterns in a one-hour time frame. 4) Retracing back to the previous halt level (Purple-Box). . Safest entry-level at 155.25. I entered at 128.65. Stoploss must be below the immediate swing and retracement level of fibo i.e 146.00. . Trade with price action and wait till it crosses higher fibo levels.
@norestuntillvictory03, There might be some correction in the near future but I'm planning on holding this for this year at least. Nifty is at a crucial level for the upcoming two months if nifty corrects itself it think there might be a correction in this stock too.