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
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
Comment:
Those who have more appetite for risk can hold on with SL of 285 (i.e below pennant as mentioned earlier
It is advisable to exit the trade