TataMotors: Short/Medium Term View

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

Nota

Heading towards potential support.

Nota

Nota

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

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Minor resistance zone hit.

Nota

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 :)

Bravetotrade

JJ Singh
Trader/Investor
Moderator, TradingView

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Bravetotrade

JJ Singh
Trader/Investor
Moderator, TradingView

🚀Join t.me/jjsingh_2020 ,
A Free Education channel

🚀Tweet at twitter.com/JaySingh_2020

Juga pada: