Tata Motors: Got the bounce... What next...???
Updated
On 5th Sept we discussed 2 possible scenarios for Tata Motors that we are looking at...
1st was Tata Motors holding 374 on the downside and jumping towards 405-416 levels
https://in.tradingview.com/chart/TATAMOTORS/PKIZfmrj-Tata-Motors-Island-formation/
The stock made a low of 374.05 precisely and has managed to crawl back above 405 levels...
Now if we see Tata Motors share price getting rejected here... then we are starring at the bigger trade potential on the downside with target potential of 348.
This is more of a positional trade and pattern gets invalidated if stock closes above 426
Take care & safe trading...!!!
1st was Tata Motors holding 374 on the downside and jumping towards 405-416 levels
https://in.tradingview.com/chart/TATAMOTORS/PKIZfmrj-Tata-Motors-Island-formation/
The stock made a low of 374.05 precisely and has managed to crawl back above 405 levels...
Now if we see Tata Motors share price getting rejected here... then we are starring at the bigger trade potential on the downside with target potential of 348.
This is more of a positional trade and pattern gets invalidated if stock closes above 426
Take care & safe trading...!!!
Trade active
Tata Motors makes a high of 413 so far (close to 416 mentioned) and is now at 409.Trade gets active
Take care and safe trading...!!!!
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