this is confirmation that price will reverse to the mean level of 347 so break belwo 356 will take it to 347 and odd, so trade accordingly
Comment:
one can short trade for 10 to 12 points
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Comment:
it is exactly 61.8% Fibonacci retracement and price resisting here around 372.3 previous resistance at 376, though it appears it has come out of channel but price has to retest the channel and take support to go further, if kit holds the channel support then we get confirmed price will go further to test 400 rs. so 342 has to come and retest. expect correction to 342 levels
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i f tatamotors trade below 357.6 then you can go short to the level of 356.6, 354.7,352.8,350.9,349, 347.
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corrected to 357