TATA MOTORS

After making a lifetime high of 357, the stock traded within the range of 357 to 284(acting as a strong support for the stock. Finally after 2 months the stock showed a breakout and gave a buying signal around 290 and made a high of 321 today giving a good upward trend.

The upward targets for the stock are as shown with the green markers 324, 330, 334, 340 and a long target would be 350.

If the stock manages to break the 52 week high then we can see more upward movement.

Amidst auto sector showing a decline in sales, the trust of TATA has shown a good move in the market. If the stock shows a downward movement then wait for the support to be taken.

You can always do back testings on Day/Week/5min charts as per your experience and track the stock results to have a stronger view before taking any trade.

This is just my personal study and analysis. Do not trade on the basis of just my study. Do your own research as well.