TATAMOTORS Month and daily chart

TATAMOTOR MONTH CHART

TATA MOTOR DAILY TRIANGLE

• TATAMOTOR is trading near october 2007 high price 844. this can act as a resistance if it is not crossed during next week. A close above this on a daily basis will give the stock a good upward momentum.
• TATAMOTOR has broken out of a daily triangle. Target for the triangle break out is at least 200 points. But stock should close above 844 region convincingly for it to move up faster.
• keep 816 as stop loss for your long positions.
•  investors can also look at the monthly channel for stop loss.