As you can see, stock made strong base and is facing resistance.
Therefore, you can buy in range of Rs 4400-4420. Once it goes below support area then immediately sell otherwise keep with you and wait for the good upside.
You can buy under buying zone but with strict stop loss of Rs 4200 and can expect 5% upside from this zone.
If stop loss hit then you can short after hitting stop loss it can go downside as per bearish flag.
Clear breakout in TATA Motors on a daily and weekly basis.
Tata Motors already filled the gap and made strong support. You can buy it at Rs 495 and in short term, it will go to Rs 512.
Once it will cross the Rs 514 then it can test the level of Rs 536 and after that, if it breaks the Rs 536 level then it will move towards the sky.
# Stay Safe, Stay Healthy and...
In recent days, VRL stuck with the upper circuit but after that, it retraced and hit the pivot point & created a base.
And also we can see on the chart, it made a flag pattern and gave a breakout.
So, the target price will be Rs 400.
This stock made a parallel channel. Now the stock went above the middle line of the Bollinger band and also cross the pivot line. So, it shows a clear breakout.
Therefore, it shows a very bullish sign.
Short term TGT== Rs 1850
Buy above 3800 and the target will be 4200.
Duration- 1 month.
Stock is broken the trend line and shows the breakout. Also, in the Bollinger band, it broke the middle line.
So, we got double confirmation. #MUSTBUY