nirav5

1st Bullish BAT then Bearish BAT on TATAMOTORS - Will you 'BAT'?

NSE:TATAMOTORS   TATA MOTORS LTD
1
We have a structure within a structure. If 510 level remains unbroken we have an interesting setup in TATAMOTORS.

Currently we have Bullish BAT setup, providing 510 support really works as a support :).
If Tatamotors starts moving upside then we can have a potential bearish harmonic setup. Since C leg is almost near to A leg and channel resistance makes me guess it can be Potential Bearish BAT .

Comment: D leg went below X, Bullish BAT flies away and so as Bearish BAT. Phew... !!
However bullish view is still expected as forming bullish Gartley with the D leg at current channel support around 500.
Comment: Channel support and Gartley had their play. Lets book some profit here.
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