Tata Motors has given triangle breakout and re-testing demand zone 300~310.
It is expected to move up to 348~354 for double top formation and if breaks supply zone 348~354, expected to reach T2-400~405
But SL-280 to be maintained.
NSE:VISAKAIND Wait for the levels and enter... Safe players can enter the trade on retracement with strict SL.....
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
3. Views given here is not a tip rather it is for educational purpose... After market opens, the condition might...
This stock had given a breakout and then retested and consolidated for some time and again has shown good momentum. This can be a good positional/intraday opportunity.
This chart intentionally does not take into account the dramatic drops caused by the uncertainty in the stock market. At some point that won't really matter. This triangle could easily give way to the downside, and there's not that much reason to think the sky's the limit right now. There's sure to be a few more bumps before it stabilizes relative to stocks.
