TATA MOTORS BREAKOUT RETEST IDEA

Hello friends as we know that Tata motors declared a Dividend to it's share holders after 7 years it means that something is going good in company and it reflect into the stock's price too as you can see on this weekly chart that it is trading above on strong resistance after giving a breakout last week so as simple mine view is that it will come to it's Breakout retest zone nearly about to 505 to 495 levels which will act as a Demand zone for it now and will bounce from there for justify that breakout so if above all mentioned things will happen accordingly we can go long in this stock for the target of 541, 572, 590 with taking a stop loss of 480 below weekly closing which is looking a good support area now. All target are identified from weekly chart.


PATTERN- Symmetrical Triangle Breakout

Time Frame- Weekly

Sector- Auto


NOTE- Only for Education Purpose.


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Yorum:

PROPERLY TOUCHING RETEST ZONE

Yorum:

AFTER A RETEST OF 505 LEVELS BY TODAY'S LOW 504.75 STOCK REACHED TO 526 AND GIVES A GOOD CLOSE, CAN CONSIDER IT IS GOOD BOUNCE

İşlem kapandı: hedefe ulaştı:

TARGET 1 541 ACHIVED TODAY FROM RETESTING LEVELS OF 505

İşlem kapandı: hedefe ulaştı:

TARGET 2 OF 572 ALSO ACHIVED TODAY

İşlem kapandı: hedefe ulaştı:

FINAL UPDATE, LAST TARGET OF 590 ALSO ACHIVED FROM 500 RETESTING LEVELS.
SUPER MOVE SUPER GAINES.