rising wedge breakdown in tatmotors
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TATAMOTORS has been moving sideways charting out a triangle. Looks all set to breakout to the 360 region.
in.tradingview.com TATA MOTOROS BUY TRG OF 320 WITH SL OF 251
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...
TATAT motors fut CMP 146.25 Short below 146 or Short @ 150 for Targets 144.25 - 142.2- 140- 138.9- 136.5+ SL 151