NeeteshJain

Tata Motors Forming Harmonic Pattern (Stay Alert)

BSE:TATAMOTORS   TATA MOTORS LTD
The price action has been trending up for a while and now it has touched and entered the previous resistance level at around 595-600 levels. It is also important to note that there is also a formation of a bearish harmonic pattern . It is wise to wait to initiate longs in it until the price action breaks and closes above 601. Apparently, there is a good chance of a correction in the price action, as advised to stay altered.
Harmonic Pattern Is it a Bearish Pattern?
Reply
Yes, It completed a Bearish Bat Pattern by touching 585 levels and now it shall come down to 520 levels.
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touch n down
+1 Reply
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