Inverted H&S Breakout in Tata Motors

Motor and electric Vehicle giant Tata Motors has given Breakout from Inverted Head and Shoulder pattern with good volume.

Once the price sustains and closes above Rs. 707. The stock should rally to its target of Rs. 880

One Should remain positive till price breaches and sustains below right Shoulder of the pattern.

The possibility of positive movement is fueled by the recent GST rate Cut possibility announced by PM modi. 👌
Also, there is positive news about fulfillment of Rare Earth Metals (very essential in EV vehicles) from China.😱

Note: This analysis is for Educational Purpose Only. Please invest after consulting a professional financial advisor.