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Tata Motors Falling in Love !!

NSE:TATAMOTORS   TATA MOTORS LTD.
As Joel had predicted (Link below), Tata motors bled before Valentine day .

I also wish to thank yogi sharma & Ajay sharma for the wave counts in Tata Motors...

Now what Next

As pointed in the chart ,

The next question will be -- Can Tata Motors now cross the hurdle or the Supply area ??

I present this question to the esteemed trading-view audience !
Comment: As per me -

Tata motors will now waste its time for the rest of the month

in between 129 and 170 levels (The demand and supply area)

Lets see the pendulum movement

Newton’s third law states that every action has a reaction of equal force.

Can we see any reaction ?? Picture abhi bi bakhi hai !!!
Comment: As said before ,

Tata motors is still wasting its time between the Demand & the supply zone
Comment: Question now is whether Tata Motors has the fuel to surpass 170 to 180 Big Hurdle!

it will be interesting to see When Tata motors reach 170 to see whether bearishness will prevail
Trade active: So today after 10 days , Tata motors is almost reaching the supply areaa !!


Is it a good time to short ??

Picture abhi baki hai Dost !
Comment: At the stroke of midnight

Tata motors reached Supply area
Comment: So after wasting time last month

Tata motors finally crossed the supply area

And what a move it was
Fitch Ratings added Tata Motors to its negative watch list, citing growing uncertainties around a hard Brexit.
Reply
i feel 170 is a good shorting range with a stop loss of 180
Reply
@joel-vg, yes , i know , but i hate shorting .

I only believe in Longs
+1 Reply
Yes , As you said - tata motors is ranging
Reply
@joel-vg, thank you , your charts are also good worth seeing
Reply
Newton’s third law states that every action has a reaction of equal force.
still it dint show full potential there is room to move fast
Reply
@ARUN003, it will not show that amplitude of bearish sentiment(what you are expecting ) its already done due to its long standing down ward trend , the absorption of equity from open market to Institutions vault is already done there is limitation on applicability of the Law , Newtons Law of action and reaction has limitation with in them , its a finance world , it do have certain fundamental valuations , banks , Institutions ,
Take a brake its moving in next 17 to 18 trading days ,
Reply
no its just start in down it will move faster expect to break 100
Reply
@ARUN003, Thanks for the chart Arun , & thanks for your observation .

Since it is showing lower high lower low pattern , So probably your chart may get its Due ,

However markets are full of surprises
Reply
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