11-20% upside in TATA MOTORS

1 Ağu 2022

After consolidating in a range for more than 4months, Tata Motors has finally given a breakout with good volumes and entered it's previous price channel.

The stock can reach it's ATH levels in few weeks and can see more upside potential if it breaks it's previous high.

A positional trade can be taken with the below targets and SL
Target1: 532
Target2: 579
SL: Depending on your risk, my preference would be the resistance it faced previously(Around 458-460)

Please perform your due diligence before taking a trade.

Happy Trading :)