Below is the technical chart of Tata Motors with ichimoku Kinko Hyo indicator. The stock is listed on Indian stock exchange.
|Tata Motors Technical chart|
Tata Motors managed to get support near kumo and from there it started moving upward.
Chikou Span (CS) line is also above kumo, so is the price. The perfect bullish breakout.
One can still buy this stock with a stop-loss of 172.90 for a target of 213. Resistance will be at 205 and then 230.