TATA MOTORS - 1H - LONG

Diupdate
Tata Motors is ready to break out. If break out happens then we can see good move on UP side.
Catatan
Retest done with 15 minutes candle. Expecting more up movement now. Lets see.
Catatan
976 now. It is trying to break previous high. If it closes above 978 in 1 hour candle then it goes further up.
Catatan
resistance at 976 looks strong. if reversed then support at 967 to 969. then it may go up again.
Trading ditutup: target tercapai
I'm closing this trade because it went up 60 points (973 to 1033 today high). After this, there is no way to say how high this can go technically. At least I cannot guess :) .

But demerging TATA Motors business is a good news to TATA and it can go up further in n ext 12 months ( until demerge is done)
Catatan
If holding then it should break today high 1033 and close to up further else support at 983 to go up again.
Trend Analysis

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