Long Opportunity -
Tata Motors has formed a *W* pattern on the trend line, and the neckline of this pattern is completed on a level of Rs. 480.95 which is the resistance according to the level of 0.618 of the fib retracement tool. If this stock of any candle closes above this level, then we can expect a bullish move. The CCI is near 0 levels, we have to wait till it turns to a plus level.
This stock has the strong support of Rs. 477.60, If it crosses this level we can go for short. The CPR is narrow and expecting a big move.
Tata Motors has formed a *W* pattern on the trend line, and the neckline of this pattern is completed on a level of Rs. 480.95 which is the resistance according to the level of 0.618 of the fib retracement tool. If this stock of any candle closes above this level, then we can expect a bullish move. The CCI is near 0 levels, we have to wait till it turns to a plus level.
This stock has the strong support of Rs. 477.60, If it crosses this level we can go for short. The CPR is narrow and expecting a big move.