TATA MOTORS LTD
Long

[Positional] TATAMOTORS Long Idea

312
Tata Motors was trading in the range of 360- 470 from a long time[around 6 months Feb- July ]. Recently the stock broke out of that range 10 sessions bck. After breaking the range this has formed a msall Flag and pole pattern also. TataMotors is really good candidate to go long on,

Entry:- 481 (We will only enter the trade when it crosses the recent swing high of 481 on a daily candle on the closing basis)

Stop Loss:- 459 (adding some buffer from the length of flag to include the support line as well )

Target:- 528 (Immediate target will be 528 )

Target is expected in the next 2-3 months.

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