rahuljain21

TATAMOTORS - Flag Pattern breakout

Long
NSE:TATAMOTORS   TATA MOTORS LTD
After 3 years, the stock broke out above its very strong Demand/ Supply zone of 280-310 levels at the start of the year and has now formed a very strong base at those levels after 5 months of consolidation and now forming Bullish FLAG Pattern on Daily and Weekly charts, also CNXAUTO sector also on verge of breakout.
Targets as per Fibonacci retr comes out to be 455 & 525, with SL below 280 MCB .

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