nirav5

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

NSE:TATAMOTORS   TATA MOTORS LTD
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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.

Comments

I was just browsing through your profile, Simple & Neat Buddy ! Especially this one, I love when its dual pattern ride.
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nirav5 InsiderB
That's very kind words from the master Analyst. Thank you !
+1 Reply
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