Tata motors seems to express bullish flag. The volume during breakout is high, There is previous rally and the flag is bringing hope. so long positions can be taken.
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Stock Ticker – NSE: TATAMOTORS – Tata Motors Ltd. – AUTOMOBILE
Bullish Trade plan:
Entry Level 166.55 Target 179 Stoploss 151.20
Analyst Rating – :5/5
View Posted on 2019-11-07
Sir,
Please check the Entry and Stoploss points for the bullish flag pattern.
Entry price: Should be at the break out of the flag.
Stop loss: Should be at the bottom of the flag portion.
Target (Exit): Should be based on Risk to reward.