TATA MOTORS Weekly Time Frame Analysis
Current Formation: Top Declining and flat bottom formation
Since TM Trading above the 200EMA and major long term trend line..
can consider it as Bull market phase
Normally this kind of formation will breakout in upside..(In case of Bull market scenario).
major
support - 376
Resistance - 461
reverse possible if it breaks these level
Huge momentum can be excepted after this break out
MACD in positive territory..
slight weakness in histogram
Since TM Trading above the 200EMA and major long term trend line..
can consider it as Bull market phase
Normally this kind of formation will breakout in upside..(In case of Bull market scenario).
major
support - 376
Resistance - 461
reverse possible if it breaks these level
Huge momentum can be excepted after this break out
MACD in positive territory..
slight weakness in histogram
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