Tata Motors Share Prices may Move towards ₹ 420 and Above

Tata Motors share prices are consolidating in a narrow range after a significant decline from 52 week highs.It is oscillating between ₹ 370-390 for the last few days.

In last trading sessions,the share prices saw a breakout from this range with good volumes.The consolidation made a bullish pattern (Pennant Pattern).The pattern suggests decent upside of around 10% or more for the shares in coming days.

Tata Motors share price

Short term traders may take long positions in the stock around current prices of ₹ 380.Targets may be around ₹ 420 and higher in the very short time frame of time.Stop loss may be placed around ₹ 370.

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