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jaindeepak16
Aug 24, 2020 1:50 PM

Tata Motors Short below 120_Educational Purpose Education

TATA MOTORS LTD.NSE

Description

Tata Motors showing Head and Shoulder Patter on 30 Mins Chart. Break below 120, should reach to target of 115, 110, 105.
Comments
dmalltax
Time Frame 30 Min Only use EMA 200 Result is high
rajeshshirish
Tamo is in wave 4. H&S will fail. Keep 1/3rd of the actual target.
jaindeepak16
@rajeshshirish, Yes, now the next target will be 120 since its has broken the Hourly trendline.
rajeshshirish
@jaindeepak16, TM gets ready to short. Triangle break down on the daily chart, though the price is retracing. Bounce on short all the way up to 87 :-).

The above is based on my personal study, view, and only for educational purposes.
vinvish
can you pls tell me how did you predict the target
dmalltax
@vinvish, Use Head and shoulder Patten from Tools , Find out Neck or Trend line to Head Ratio or points , when Break the Neck line Target is Neck Line to Head
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