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Divergensity

Caution if Selling- Possible Up Move After Correction

Panjang
TATA MOTORS LTD. (NSE:TATAMTRDVR)  
Divergensity  
NSE:TATAMTRDVR   TATA MOTORS LTD.
Trend Analysis Chart Patterns Wave Analysis tatamotors TATAMTRDVR
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trendanalysis chartpattern waveanalysis tatamotors tatamtrdvr
Tata Motors DVR looks like its forming a corrective pattern after breaking out of the downward trend line. Once the corrective pattern is finished in the 1 hour time frame, I think we will get to see an upside- either a corrective upside (C wave for further decline) OR a move to retest the 240 top. Near term, I guess there is atleast one upmove pending after the current correction is done. Selling may not be a great idea for now coz the possible pattern indicates an up move.
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