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rahuljain21
Jun 6, 2021 4:05 PM

TATAMOTORS - Flag Pattern breakout Long

TATA MOTORS LTD.NSE

Description

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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