Buy TATA Motor For Target Rs. 450- Monarch Networth
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TATA Motor
Stock has been making higher top-higher bottom formation since April-2020 on monthly charts and rallied from 60 to 530 level. Post this strong rally stock faced selling pressure at higher level and corrected till 375 level.
Last month it recovered sharply from 375 level and closed with Hammer candlestick formation on the monthly chart. Stock likely to continue this upside momentum and head towards a new high in upcoming months.
Recommendation is to Buy in the range of 440-450 keeping Stop loss at 349 level and Target at 550-630 levels.
Buy : TATA Motor Ltd : CMP: 447 SL: 349 TARGET :- 450 TIME FRAME: 4-6 MONTHS
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