Tatamotors looks more bullish
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The current formation on the P&F chart is a bullish ABC breakout. Tata Motors' performance in
the Nifty Auto sector has been exceptional, making it an outperformer in the market. Furthermore,
the Nifty Auto index itself has shown strong performance compared to the NIFTY50 index. The
presence of a series of bullish anchor columns indicates a bullish trend. We can anticipate
further bullish momentum in the near future. Any price retracement will be an opportunity for a
fresh entry, and the pattern will fail below 514
