It is near the main support line and likely to take its support and move up direction.
At the current level there is two support acting, 1st main support and 2nd symmetrical triangle ascending lower trend so it has a strong support.
In the past it had already made a symmetrical triangle and is was so accurate the price target was perfectly followed, so it is concluded that that price will follow its support and move up, The triangle itself is neutral, it still favors the direction of the existing trend and traders look for breakouts in the direction of the trend.
BUY ZONE -128-123
STOP-LOSS -119
TARGET -163
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| TATA MOTORS LTD. good opportunity to Invest in: Posted: 29 Oct 2020 08:51 PM PDT  The post TATA MOTORS LTD. good opportunity to Invest in: appeared first on Moneymunch.  |
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