This is the intraday analysis for tomorrow (06 Jun, 22)
Tata motors is making beautiful falling wedge pattern (which is also a bullish pattern) in 15m timeframe, also in slightly higher timeframe.
So if it breaks above target could be 438 and 444. And if it breaks below targets could be 426 and 421 as there is unfilled gap.
And market always tries to fill the unfilled gaps.
Watch out for gap up and gap down opening tomorrow and see how they're reacting with these levels.
Happy trading :)
Tata motors is making beautiful falling wedge pattern (which is also a bullish pattern) in 15m timeframe, also in slightly higher timeframe.
So if it breaks above target could be 438 and 444. And if it breaks below targets could be 426 and 421 as there is unfilled gap.
And market always tries to fill the unfilled gaps.
Watch out for gap up and gap down opening tomorrow and see how they're reacting with these levels.
Happy trading :)