bhalla1990

Tata Motors - Will it go to the moon or fall to ground?

bhalla1990 Updated   
NSE:TATAMOTORS   TATA MOTORS LTD
Having reversed from harmonic ABCD and strictly following the dynamic support line, price is now 180.

Key level to watch is 200 - .786 Fib of ABCD + psychological level + multi month resistance.

20% move can be seen on either side of 200 depending on how it behaves around it.

Above 200 will look for 240, 240-250 would be profit booking, and strictly above 250 for 280.

On downside, if 200 acts resistance, would look for 170 and below that 150 as targets.

Trade active: Decision Point reached, now looks like a candidate for short, but will let price decide the direction and then just follow it
Trade active: Gave more than 10% move today, BOOOM!!!
Trade closed: target reached: another Boom T1 hit!!

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