Tata Motors is ready to break out. If break out happens then we can see good move on UP side.
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Retest done with 15 minutes candle. Expecting more up movement now. Lets see.
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976 now. It is trying to break previous high. If it closes above 978 in 1 hour candle then it goes further up.
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resistance at 976 looks strong. if reversed then support at 967 to 969. then it may go up again.
Trade stängt: målet nått:
I'm closing this trade because it went up 60 points (973 to 1033 today high). After this, there is no way to say how high this can go technically. At least I cannot guess :) .
But demerging TATA Motors business is a good news to TATA and it can go up further in n ext 12 months ( until demerge is done)
But demerging TATA Motors business is a good news to TATA and it can go up further in n ext 12 months ( until demerge is done)
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If holding then it should break today high 1033 and close to up further else support at 983 to go up again.