While looking at TATAMOTORS chart, I came across a resistance and support area which apparently formed a double reversal(Ping Pong Reversal).
After waiting for a few minutes the price broke out with a sharp bullish candle, though I was waiting for the price to retest the new support but I supposed that there simply isn't enough time left in the market for it to occur. I believe that's exactly why the bullish nature seemed to almost fade away after a few candle later. Even if price retests eventually then that'll probably happen tomorrow.
With that being said...
Happy Trading !!!
After waiting for a few minutes the price broke out with a sharp bullish candle, though I was waiting for the price to retest the new support but I supposed that there simply isn't enough time left in the market for it to occur. I believe that's exactly why the bullish nature seemed to almost fade away after a few candle later. Even if price retests eventually then that'll probably happen tomorrow.
With that being said...
Happy Trading !!!
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