Buy this dip
Tata Motors- CMP 968
Volume- the huge volume is an indication of euphoria post which we always witness a sharp correction.
Elliott- the corrective pattern is zig zag. wave A and wave C have 1 and 1.618 relationship. The correction halted at 1.618.
Composite & RSI- At this imp support we have +ve divergence from composite where as RSI has failed here.
Conclusion- zig zag corrective pattern appears in stocks in strong bull trend. Hence this stock is a good buy here.
Volume- the huge volume is an indication of euphoria post which we always witness a sharp correction.
Elliott- the corrective pattern is zig zag. wave A and wave C have 1 and 1.618 relationship. The correction halted at 1.618.
Composite & RSI- At this imp support we have +ve divergence from composite where as RSI has failed here.
Conclusion- zig zag corrective pattern appears in stocks in strong bull trend. Hence this stock is a good buy here.
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.