shivamishra023

TATA MOTORS SELL 15/3/2021

Short
NSE:TATAMOTORS   TATA MOTORS LTD
1.On 1hr time frame we can clearly see a range pattern along with a beautiful pattern i.e HEAD & SHOULDER PATTERN. The trade is bearish for tomorrow.
2. Also the Green trendline is support trendline and to break such strong supports it requires very promising pattern and head & shoulder is the one . its very rare that a head & shoulder patterns get failed.
3.If we go to 15min time frame we can see a bearish flag pattern making it confirm that on 15/3/2021 tata motors may open flat with 315 to 317 range and may trade red whole day.
4. Going to weekly time frame if we put fibonacci we can see that TATA motors is currently trading at 50% fibo retrace we means to continue an uptrend it has to give some fall to bring more buyers so that it can break fibo 50% level in long go.
5.LEVELS TO NOTE:
A. may open flat 315 to 317.
B. Targets can be set has T1=312-313,T2= 308-
306,T3=302-300

-SHIVAM MISHRA
MGB

Comments

Excellent Analysis! Keep it up
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