TATA MOTORS: Bullish - Bullish Pennant detectedTATA MOTORS: Bullish - Bullish Pennant detected
On the rise :
A rising pennant has been detected and the price can go up around 1 108.
Plus we can reach the Gap around 1 018.
On the decline:
However we can monitor the EMA.50 ( pink) at 954, and the EMA.200 around 775.
Plus, for the purists of ICHIMOKU ( weekly) , we can go down to 843.
Watch the divergence with ROC, and the RSI to monitor also.
Be careful
