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 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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thanks i am going to buy in tatamotors by seeing your analysis
Hi ma’am congrats for g8 analysis ,should I buy now or still wait for 128rs to come, I want to enter a fresh since in June 6.
Stock Market are slaves of earnings how much the stock goes up if the quaterly earnings are not matching the P/E ration the stock tends to fall . secert of Stock market