Motor and electric Vehicle giant Tata Motors has given Breakout from Inverted Head and Shoulder pattern with good volume.
Once the price sustains and closes above Rs. 707. The stock should rally to its target of Rs. 880
One Should remain positive till price breaches and sustains below right Shoulder of the pattern.
The possibility of positive movement is fueled by the recent GST rate Cut possibility announced by PM modi. 👌
Also, there is positive news about fulfillment of Rare Earth Metals (very essential in EV vehicles) from China.😱
Note: This analysis is for Educational Purpose Only. Please invest after consulting a professional financial advisor.
Once the price sustains and closes above Rs. 707. The stock should rally to its target of Rs. 880
One Should remain positive till price breaches and sustains below right Shoulder of the pattern.
The possibility of positive movement is fueled by the recent GST rate Cut possibility announced by PM modi. 👌
Also, there is positive news about fulfillment of Rare Earth Metals (very essential in EV vehicles) from China.😱
Note: This analysis is for Educational Purpose Only. Please invest after consulting a professional financial advisor.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.