Reliance Industries is at breakout from Cup & handle pattern on hourly time frame. This resistance zone is tested many times, so its strong resistance. Waiting for breakout ....
Keep this on your radar...
M & M Finance has given breakout from long trendline since 30 April 2018 as well as Head & Shoulder Neck line breakout with strong volume. it has support trend line in bottom too. if you go on 4 hourly or daily time frame you can see bottom trendline as well as upper trend line which has broken.
It will start new bullish trend
My 1st target is 220
According to my analysis -
Currently we are in Fifth wave of 5th Wave of Tata Motors. 4th wave is retraces to 0.618% of 3rd Wave. If we projects the 5th wave from 3rd wave we will get 1.618% target @ 200 as well as there is resistance @ 200 from Jan 2020. Volume is also supporting to this.
So my target is for Tata Motors is 195 to 200.