in daily, price broke out descending channel with good volume,
in weekly, hidden bullish divergence formed in weekly,
with sl - 827, 1st tgt - 1000, 2nd tgt - 1200
classic, beginning of a new leg to the journey..breaking out after a massive 9 year long consolidation.. how many cup and handles can you see?
minimum target of the all time high..i.e at 900.keep trailing post that
It has made a fresh channel breakout we may see little decline in price... That decline will be a good opportunity for making long positions
Targets are 800/825/850
SL 730
Perfect risk reward ratio...
Note: Do your own study before making any position...
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It is been observed on the daily chart that the price action is breaking out from a consolidation indicating a bullish move ahead. It is also observed that the price action is trending up in a channel, indicating upmove ahead.
Target 1: 670
Target 2: 690
Stoploss: 620
for educational purpose only - as said earlier tata investment is now out of woods with bang and good volume that certifies its worth. so buy it on every decline with sl of 605 for 720.
