Go long with TATA MOTORS .medium term investement +3 months

The Stock has shown great support at ~377. I believe that is bottom level. check graph for support and resistance levels

Trade ativo:

long position at 419

Comentário:

first support at 408/409. if breached do not square off.at 399 levels it should take support . or downside is till 377. enter with stagger purchases. buy on dips. near term resistance at 431 next at 485. the channel started with a upside move hence once it ends it should break up.
lets wait for T1 431 and T2 485

Comentário:

Also my CMF is about ti turn positive

Comentário:

431 acting as a Resistance and 409 should be SL