TataMotors: Short/Medium Term View

13 июл. 2017 г.

Since my last post reflected a long term bearish bias on the stock (See >> https://in.tradingview.com/chart/TATAMOTORS/ikQ7RbQ7-Tata-Motors-Falling-Wedges/), that doesn't mean we shall not take intermediate and short term up moves.

In the short to medium term the stock may tend to touch the resistance area before showing any signs of weakness.

Hit like for better analysis in future. Comments are welcomed.
Trade safe.

Best Regards
Bravetotrade

14 июл. 2017 г.

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Heading towards potential support.

17 июл. 2017 г.

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19 июл. 2017 г.

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Bouncing off sharply from support zone. Minor resistance @ 463-465; Next target zone 470-475

20 июл. 2017 г.

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Minor resistance zone hit.

23 июл. 2017 г.

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25 июл. 2017 г.

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27 июл. 2017 г.

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The Reciprocal Patterrn: Normally, The first target for such ABCD is 0.618 which is done@460. Next extended target could be 468.
But that doesn't mean stock won't go higher in future :)