Tata Motors Forming Harmonic Pattern (Stay Alert)

8 Eyl 2016

The price action has been trending up for a while and now it has touched and entered the previous resistance level at around 595-600 levels. It is also important to note that there is also a formation of a bearish harmonic pattern. It is wise to wait to initiate longs in it until the price action breaks and closes above 601. Apparently, there is a good chance of a correction in the price action, as advised to stay altered.