Tata Motors Looking Good, low risk

١١ نوفمبر ٢٠٢٣

Tata motors has taken support at daily trendline and broke out. It has retested the same breakout level with an inverse head and shoulders pattern after forming a descending triangle. It is a classic example of multiple bullish patterns along with each other. Apart form that it is consolidating at its 20 ema on hourly timeframe.
Timeframe is 15 minutes with multiple timeframe analysis. Looking bullish on both daily and hourly timeframe.
Entry only after the pattern breaks upwards with tight risk management.