TATA MOTORS LTDShort
TATAMOTORS: case study for Down-side
Case Study . . .
Time Frame: 75min.
View: Bearish
-> Gap was created on 13-10-21 and finally made a high of 492.
-> After taking support 3 times, the bulls took the stock up and the price reached 536.
-> From Nov 2 till now the stock used to come back from the support range.
-> But now, if this support range (466 ~ 456) is broken in such a weak market, then the stock would be under control of bears and the stock may fill its gap of 13th November & then
-> Down-side target would be 426/417
Time Frame: 75min.
View: Bearish
-> Gap was created on 13-10-21 and finally made a high of 492.
-> After taking support 3 times, the bulls took the stock up and the price reached 536.
-> From Nov 2 till now the stock used to come back from the support range.
-> But now, if this support range (466 ~ 456) is broken in such a weak market, then the stock would be under control of bears and the stock may fill its gap of 13th November & then
-> Down-side target would be 426/417
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.