Tata Motors- Cup with handle pattern-Investment opportunity
Tata Motors Chart Analysis
Cup and Handle Pattern
Tata motors chart analysis- Pattern- Cup with handle
Tata motors is a hot cake for trading from last 1 year.
Interestingly it is forming a pattern which can be used to initiate a new buying position in the underlying.
These are my views, not a recommendation.
Also, this analysis is for the cash market, not futures.
Conclusion:
Here We can consider a buying position if the underlying crosses recent highs of 358.
Targets are around 460 to 480.
Stop loss– Daily candle closes below 300.
Initiate trade only if price moves above 358 comfortably.
Article by MR. Soumitra Saboo
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Disclaimer :
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