ON A BRIGHT NIGHT, FALLING STARS ARE A SIGHT TO WATCH.... and the earth is 100 points away...
Tata motors is in uptrend having short term consolidation phase as one can buy @ 533- 536 region. stoploss 528 target 563 (fabonicci resistance )
LOOKS LIKE WE ARE IN WAVE 4 WAVE C OF WAVE 4 HENCE LITTLE MORE DOWNSIDE LOOKS POSSIBLE UPTO 400 AND THEN WILL START MOVING UP
TATA MOTORS IS A SHORT AS LONG AS 484 IS NOT BREACHED GO SHORT WHEN THE TREND LINE BREAKS KEEP TRAILING THE PROFITS
this is my alternate elliott wave view 15 minute chart based on which an upmove upto 488 is possible
AS LONG AS TATA MOTORS TRADE BELOW 484 - IT IS A SHORT FOR TATA MOTORS AS PER ELLIOTT WAVE PATTERN
www.tradingview.com NSE:TATAMTRDVR
trendline and 50EMA support yet again. and support from previous swing high too
Not too familiar with overseas stocks, but from a charting guy, this looks promising. Just an idea to look at. Will followup after time has passed. Thanks
Recently TATAMOTORS have just respected the 2.0 retracement of BC-leg, while in the journey of CD leg. As per the definition CD leg can be 1.618 - 2.24 BC.
Tata motors reverses after hitting upper channel. With market turning, its an opportune time to short this stock. target 520.