dravya
Short

Tata Motors - Daily Trendline

NSE:TATAMOTORS   TATA MOTORS LTD.
Tata Motors -
1. Here you can see, NSE:TATAMOTORS is on resistance on daily trendline .
2. Also, you can see the earlier resistance area which might turn out to be support and help in breaking out of the downward sloping trendline .
3. Otherwise if it doesn't find demand, we may see levels of the previous swing lows.
4. There's a divergence with the OBV osciallator indicator too. indicating weakness.
Comment: Broke the trendline. Exited short trade. No new longs.
Comment: Trendline break continues upmove. didn't take any position though.
Comment: Look for the break of the trendline.
Comment: Currently taking support though, will make a new chart.
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