Tata Metaliks is an undervalued stock to invest.
We need to get a perfect entry for these types of scripts.
Its in a bullish parallel channel since May 2020 and given a healthy reward since then.
Now once again there is a chance to enter in to this stock.
This is a fundamentally strong stock to keep in the portfolio.
An Inverse H&S pattern is under formation. The right shoulder is yet to complete however as per he weekly charts where the prices are moving within a downward channel is expected to touch 755. Once the neckline is broken i.e closing above 775 (this will also act as a channel breakout) it can reach a target of 900 levels.
Conditional Buy: closing above 775 only....