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Goodluck Capital Investment Advice
Buy Tata Motors Ltd (NSE: TATAMOTORS)
CP# - 83.8
Buy Range - 80-85
Target - 200-220
Duration 1.5-2 years
Potential Return^ 150-170%
# Closing price on May 14, 2020.
^ Potential returns are calculated based on the median of buy range.
Nifty has done Rising Wedge formation.
Rising Wedge is a bearish continutaion pattern.
The previous Downtrend + A Rising Wedge = Possible Downside Breakout.
Caution: avoid trading until the breakout is confirmed.