Cfa_Arvind

Tata Motors - Double Bottorm

Long
NSE:TATAMOTORS   TATA MOTORS LTD
We observe the overall chart structure of Tata Motors Ltd is bullish and formed double bottom near the support zone at 280. Primary trend is bullish , and price has corrected sharply and established short term bullish chart pattern "W" Pattern at the bottom. Its a combination of Double bottom and W Pattern.

Buy above 308
SL below 279
1st Target 328
2nd Target 357

Comments

W pattern did not sustain above 308 and hence no trade done.
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