TataMotors: Short/Medium Term View

2017年7月13日

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

2017年7月14日

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Heading towards potential support.

2017年7月17日

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2017年7月19日

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

2017年7月20日

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Minor resistance zone hit.

2017年7月23日

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2017年7月25日

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2017年7月27日

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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 :)