TATA MOTORS LTDLong
TATAMOTORS BEARISH SHARK PATTERN 10 DEC 2019
Bearish Shark pattern:
OXABCD
OX - 172.2 - 160.05
XA - 160.05 - 166.3 - 50% OF OX
AB - 166.3 - 159.4 - 113% OF XA
LEVELS FOR LEG BC
113% of AB 167.20
127% of AB 168.16
161.8% of AB 170.56
224% of AB 174.86
88.6% of OX 170.81
113% of OX 173.78
CMP - 161.65
SL 158
RISK - 3.6 POINTS
REWARD - MIN 8 POINTS ++
OXABCD
OX - 172.2 - 160.05
XA - 160.05 - 166.3 - 50% OF OX
AB - 166.3 - 159.4 - 113% OF XA
LEVELS FOR LEG BC
113% of AB 167.20
127% of AB 168.16
161.8% of AB 170.56
224% of AB 174.86
88.6% of OX 170.81
113% of OX 173.78
CMP - 161.65
SL 158
RISK - 3.6 POINTS
REWARD - MIN 8 POINTS ++
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