TATAMOTORS | Strong demand zone - Still sector is weak
CMP : 292
SL : 250
Target : 350, 450, 570
Sector is super weak, just accumulating at this discounted price as stock corrected 20% from recent swing high.
Cup and handle chart pattern formed.
Fibonacci levels shows price retraced 50%.
Current market price at a demand zone and touched a well respected trendline.
Go for a long position and keep a target Rs.4600
BhartiAirtel is showing a symmetrical triangle pattern and a triangle pattern with a long term demand zone.Wait for a breakout.preferably upward movement is coming and take a long postion with a target of 600.