Tata Motors have successfully broke the trendline and retested it. Now its heading towards it 1st target of 335 levels. Its better to book profits at target 1 itself as Auto industries are facing Semi conductor shortage. It can bring the stock price down in upcoming days.
We can execute Long as it shows Bullish momentum regardless of the Inventory of Semi conductors. Maintain a Strict Stop loss to have risk free trade.
Kindly share your valuable feedback.
Disclaimer: Please consult your advisor and do your own analysis before taking the trade. This view is for educational purposes only.
We can execute Long as it shows Bullish momentum regardless of the Inventory of Semi conductors. Maintain a Strict Stop loss to have risk free trade.
Kindly share your valuable feedback.
Disclaimer: Please consult your advisor and do your own analysis before taking the trade. This view is for educational purposes only.
Trade closed: target reached:
Both Targets are achieved