TATA MOTORS LTD
Long

Tata Motors Buy (I hope)

216
Tatamotors broke the weekly downward trendline so buying opportunities are possible now. 20 ema has acted as a goof area where the stock stays above it. After the trendline is broke the stock gave a nice upmove and made a high. It then came to a low as has been at a previous low now. Alternatively the 20 ema has also caughtup with the trend and a rejection candle can be seen. If we find a bullish candle now making it a morningstar pattern the we could look for our entry at the bullish candle end. Target could be around the nearest high it made previously.

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