TATA MOTORS
NEARING THE 8 MONTH BEAR TRENDLINE...

Now this stock is inching closer to the 8 month Bear trendline, and once the trendline breakout occurs then we can see a huge upmove in this counter and the target will be beyond 1000. Currently breakout price ia at 885. And followed by 6 month supporting trendline and at the end this stock is forming the triangle formation. If it resist the upper trendline once again then it'll test supporting trendline. And the key is that, this stock has still time left in it to complete the triangle formations. Yesterday this stock closed above the 847 which is 50DMA and 840 which is 200DMA, if it keep sustaining above the 840-847 level then we can see the early breakout from the triangle and testing the 1000 mark. Daily CCI is just above the mid-point level and Daily RSI is also above the mid-point level. Still some good amount of volatality is left in it.