johntradingwick

Tata Motors - Cup & Handle Bullish continuation

Long
NSE:TATAMOTORS   TATA MOTORS LTD
Key Highlights:

1. Bullish market structure
2. Cup & Handle pattern
3. Lacks volume at the moment
4. Resistance at 357
5. Accumulate on pullbacks
6. Target: 375, 394, 416, 435
7. Aggressive SL: 337, Safer SL: 325

You are always advised to use an appropriate Risk-Reward ratio as per your strategy.

P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Comment: Negative news drivers:
1. Tata Motors hits 10% lower circuit as JLR issues profit warning over chip shortage
2. Tata Motors announces third price hike of the Year
3. Senior executives from Tata Motors, Renault design team quit, join Mahindra
Trade closed: stop reached

Rajat Kumar Singh,
B.Tech. (Delhi Technological University)
Community Manager (India), TradingView

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