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techtrail
14 фев 2017 г., 10:28

Tata Motors: Is it a Potential Distribution? Короткая

TATA MOTORS LTD.NSE

Описание

Looking this weekly chart, I have a strong suspicion that this could be a prolonged phase of distribution or ranging price action between the Magenta horizontal lines.

Price has been rejected from the upper parallel of the down-sloping fork. As per Andrews rules, there is a strong case now for a test of the medianline or the middle line of that green pitchfork.

Let's see how this pans out..
Комментарии
Lestat777
With the announcement today's timing this was a good script for a momentum trade... there was a very short time for the market to react fully, I was ready to either go long or short as soon as I got a directional signal. I expect it to fall another 3-4% tomorrow
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