Tata motors - weekly CMP 388

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Rounding bottom + triangle consolidation .
After a huge RB breakout, Stock is in triangle consolidation.
For long, 360-375 looks like a strong demand zone. Can add long positions around these levels or average here.
Targets can be 448-491-547-605.
Always trail your profits in positional trades.
Breakdown of support may lead to test 340-317-280 levels also. Maintain your SL according to your risk appetite.
Undercurrent is bullish.
Nota
415 levels achieved today.
Trail your SL always
Nota
448 - 480 achieved
Nota
500 - 510 achieved
Nota
530 levels achieved
chartchartanalysisChart PatternsconsolidationHarmonic PatternsroundingbottomtatamotorstechnicalTechnical AnalysisTrend Analysistriangleformation

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