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adityaskulkarni3193
Jul 5, 2017 1:19 PM

Tata Motors trading nervy Long

TATA MOTORS LTD.NSE

Description

As per fibonacci analysis,
Tata Motors is still trading in the green box which is a bullish signal.
It has consistently retraced from 0.5 fibonacci ratio.
Expect a strong upmove towards 460 levels where it will get a resistance from the confluence line .
Keep a strict stoploss of 425.
Any closing below 425 will take the stock further down by atleast 5%

Trade closed: target reached

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