Tata Motors...Sell set up...

Tata Motors after a five wave decline has retraced between 61.8 to 78.6%...It is providing a good short oppurtunity at every rise with a stop of 603....

Trade closed manually:

What a decline. Its time to cover shorts. The decline seems to be in final stages where a reversal could be expected.

Comment:

Trade active:

Tata Motors gave a reversal as expected. It is at a channel resistence. Break of the channel would bring momentum into the stocks on upside.