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TATA MOTORS GETTING READY FOR AN UPWARD RALLYTATA MOTORS has made a triple bottom structure and given a 7 month old trendline breakout. It's closest resistance is 450 - buy above this level for short term target of 458 and 465.
Another positive sign is that the price has started moving above 100/200 EMA.
Once we have a closing above 465, we can expect mid term targets of 475 and 500.
Disclaimer: This idea is for educational purpose and kindly buy as per your risk management. I always encourage partial booking 1-2% profits and use a strict trailing stop loss. Idea is positional and only carry position on day closing basis.
Learn & earn,
Dr . Tanya Kumar
TATA MOTORS DVR - Long term BullishTATA MOTORS DVR - Long term Bullish
It may fall a bit but if it breaks the resistance move upwards...
Good support at 200 and another at 175...
Educational Purpose ....