1 . Chart Pattern - Bullish Symmetrical Triangle
2. Chart Pattern Description -
A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend, while a breakout from the upper trendline indicates the start of a new...
Tata Motors hits over 6-year high; up 40% thus far in 2023 on solid outlook
On June 2, Tata group signed an outline deal with the government of Gujarat to build a lithium-ion cell factory with an investment of about Rs 13,000 crore
Tata Motors already has a plant operational at Sanand, and has also acquired the adjoining Ford Motors' plant. The process of...
Tata Motors looking bullish for Short term, took Trendline support. Looking to Go long around CMP @ 435with Yesterday's Low as the Stoploss and Targets Expected are 446
tata motors indicating clear breakout from channel , with auto number coming in , we can see a breakout for target of 425 to 430 , further one can hold this stock for july expiry with target of 440 to 445 .
Due to the shorterm price escallation and wanted to sonsolidate for a longer term. Auto Sector will be a huge under performer in the coming days. Passenger vehicles are already facing chip shortages that is yet to overcome. Macro factor like inflation is are real worrying factor for the auto sector. Once the price started fall from the current stage will bring the...
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.
