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TATA MOTORS DETAILED VIEW AB=CD PATTERN ACCURATE RETRACEMENT

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NSE:TATAMOTORS   TATA MOTORS LTD
I HAVE DRAWN AB=CD PATTERN NOW, AS RULES SAYS IF LOWER SUPPORT IS AT .618 UPPER RESISTANCE MUST BE AT 1.618 THEN, I CALCULATED POINT A TO B IT WENT UP 93.30 RUPEES. THEN I CALCULATED . 618 RETRACEMENT OF THIS AS 93. 40 X .618 WHICH GIVES 57.9375 LETS TAKE IT AS 58 NOW STOCK HAS ALREADY FALLEN 47 RUPEES AS SHOWN BUT HAS TO FALL TILL 58 APPROX AS SHOWN THIS COMPLETES THE . 618 RETRACEMENT THEN, AS A RULE STOCK MUST GO TILL POINT D WHICH WILL BE OUR SELLING AREA NOW IF WE CALCULATE 1.618 OF 58 RUPEES IT GIVES 58 X 1.618 = 93.035 WHICH WILL BE COMPLETED AT D NOTE: PINK TRENDLINE IS HUGE RESISTANCE IN BETWEEN KEEP A NOTE OF IT TOO GOOD LUCK
TRADE AT YOUR OWN RISK WE ALL ARE LEARNERS SO, I MAY BE WRONG GOOD LUCK
Comment: if you extend pink line towards right it is acting as resistance for now

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