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Keep Tata motors stock in watchlist.

Long
TATA MOTORS LTD. (NSE:TATAMOTORS)  
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NSE:TATAMOTORS   TATA MOTORS LTD.
Head and Shoulders Trend Analysis tatamotors Bullish Patterns long-term positional Inverse Head and Shoulders swingtrading trend bounceback bullrun
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headandshoulders trendanalysis tatamotors bullish long-term positional inverseheadandshoulders swingtrading trend bounceback bullrun
Tata motors stock has been in bull run since last 2 years.
Observing the weekly chart shows a clear formation of Inverted Head & shoulders pattern in the stock.
It can test the neckline definitely in near future which is around 500-520 which is almost 7-8% from CMP.
A weekly closing above 520 levels or above 52 week high of 537 can make the stock move to its ATH levels of 600 and above.
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