Tata motors has shown some very nice bullish reversal signs from 290 support zone which has proved to form support for the stock in the past several months
1. W double bottom formation with attempt to break W neckline.
2. previous day bullish hammer followed by strong bullish candle follow up with decent volume
3. break of downtrend trend line
4. Strong bullish divergence on RSI
1. W double bottom formation with attempt to break W neckline.
2. previous day bullish hammer followed by strong bullish candle follow up with decent volume
3. break of downtrend trend line
4. Strong bullish divergence on RSI
Trade closed: stop reached:
day trader stop loss hit. and long term holders plz hold. main sl 370