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Buy TATAMOTORS

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TATA MOTORS LTD. (NSE:TATAMOTORS)  
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NSE:TATAMOTORS   TATA MOTORS LTD.
Moving Averages Chart Patterns tradeidea Bullish Patterns pennantbreakout goldencross
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movingaverage chartpattern tradeidea bullish pennantbreakout goldencross
A Bullish Golden Cross is seen on Weekly charts of TATAMOTORS.
Potential upside is possible to 444 levels and then 539-581 levels. Stoploss can be kept below the pennant or @319 (conservative)
The upmove can be fast as price has broken out of a pennant pattern on the weekly charts.
Also price has broken upward from a long term price zone (indicated by red rectangle)
Risk Reward is 4:1
Komen:
Stop loss mentioned has hit.
It is advisable to exit the trade
Komen:
Those who have more appetite for risk can hold on with SL of 285 (i.e below pennant as mentioned earlier
Penafian

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