Tata motor
- Stock is trading in the cup and handle pattern.
-Stock break and sustain above 345 Next level to 360/380/400/430 levels .
-Support is near 330 level on chart.
There is a continuous short buildup in Tata Motors for Las 4 days and at last, it has given a breakdown today.
We can expect a RR of 1.5 from the trade.
Buy on Dips / CMP is 304
The breakout is clear and the uptrend since 7th Jan 21 continues.
I say buy on dips because this sudden and sharp uptrend might lead to a correction upto 250 levels.
The risk level is high but so is the reward. Checking the daily charts (resistance not available on hourly charts), the first resistance is at 360 levels followed by 410...
