Long

Potential upside in Tata Motors DVR

Updated
After a drop from 300, the stock has formed a strong support at 180.

Current price action display a potential upmove for the stock above 209 levels.
For postional target of 220, 230 and 240 in the short to medium term.

Have a stop loss at 5-8% if the trade doesn't go as per plan.

Note: Not a buy/sell recommendation. Please consult your financial advisor.
Note
216 is an important zone. Once the stock price moves beyond it with good volume and momentum, then we can see further upside movement.
Note
230 achieved.
Parallel ChannelSupport and ResistancetatamotorsTATAMTRDVRTrend Lines

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