Tata Motors- Preparing Cup& handle breakout-21% move expected
Tata Motors after triangle breakout formed CUP and preparing handle , expected to breakout from zone of 340~355 .
If breakout successful with good volume above 355 and expected to give 21% move for the target 430~445, SL-335 for short term trader.
in case of breakout fail, it may retrace up to demand zone 323~330, in that case SL -320.
Those who followed triangle breakout and entry taken at demand zone 300~310 , hold for target 430~445, trail SL to 335 or 320 in case want to hold long.
If breakout successful with good volume above 355 and expected to give 21% move for the target 430~445, SL-335 for short term trader.
in case of breakout fail, it may retrace up to demand zone 323~330, in that case SL -320.
Those who followed triangle breakout and entry taken at demand zone 300~310 , hold for target 430~445, trail SL to 335 or 320 in case want to hold long.
