techtrail

Tata Motors: Is it a Potential Distribution?

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NSE:TATAMOTORS   TATA MOTORS LTD
Looking this weekly chart, I have a strong suspicion that this could be a prolonged phase of distribution or ranging price action between the Magenta horizontal lines.

Price has been rejected from the upper parallel of the down-sloping fork. As per Andrews rules, there is a strong case now for a test of the medianline or the middle line of that green pitchfork .

Let's see how this pans out..