akshay.lakhina

Tata Motors long setup

Long
NSE:TATAMOTORS   TATA MOTORS LTD
Tata motors after making low of 340, turned UP after showing positive divergence with RSI on Daily chart and from Weekly Demand Zone
Now it should play with Fib retracement level

SL 339

T1 = 364
T2 = 380

above 380 it will show real strength to retrace back to
T3 = 390
T4 = 400 and above

good risk reward for positional buy for a year or 2
Comment: after lot of drama, price back to 340 which was weekly support area, if sustains here then it would be strong reversal. stock was UP 4% today after eating everybody's SL. good buy in cash

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