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.
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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.
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Channel support and Gartley had their play. Lets book some profit here.
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InsiderB
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I was just browsing through your profile, Simple & Neat Buddy ! Especially this one, I love when its dual pattern ride.
nirav5
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That's very kind words from the master Analyst. Thank you !