TataMotors: Short/Medium Term View

13 Tem 2017

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 Tem 2017

Not

Heading towards potential support.

17 Tem 2017

Not

19 Tem 2017

Not

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

20 Tem 2017

Not

Minor resistance zone hit.

23 Tem 2017

Not

25 Tem 2017

Not

27 Tem 2017

Not

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 :)