AdarshDey

TATA MOTORS

AdarshDey Updated   
NSE:TATAMOTORS   TATA MOTORS LTD
CHART SHOULD LOOK AS GIVEN BELOW:

TATA MOTORS BEING IN BEARISH WOLFE WAVE . NOW AT A VERGE OF MAKE OR BREAK POINT.

i) GREEN LINES ARE THE EXPECTED SUPPORT POINTS
ii) RED LINE IS THE TARGET LINE
iii ) BLACK LINE IS THE DERIVATION OF PARALLEL CHANNEL DRAWN TO INDICATE SWEET ZONE

AND THERE IS A GOOD CHANCE OF VIOLATING THIS BEARISH WOLFE WAVE BY GETTING IN TO THE SWEET ZONE (Heading towards 220), BECAUSE OF A PENDING BULLISH WOLFE WAVE WHICH WAS IDENTIFIED EARLIER. ORELSE I HOPE YOU DIDN'T MISSED POINT NUMBER 2.

LINK TO THE PREVIOUS CHART BULLISH WOLFE WAVE FORMATION IS BELOW
Trade closed: target reached:
As mentioned :
ii) RED LINE IS THE TARGET LINE

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