tata motor monthly chart consolidation in a range
Updated
just like coal india chart tata moto also fall big,
after making big pattern but not able
to hold above that pattern (rsi overbought area).
now bouncing from lower level
(rsi oversold area and some fibo level too)
and crossing trendline resistance.
completing initial pattern consolidating in a range.
just like rectangle or megaphone.(any alert/ announcement ???).
will observe its move. with levels
decide on ur own .
after making big pattern but not able
to hold above that pattern (rsi overbought area).
now bouncing from lower level
(rsi oversold area and some fibo level too)
and crossing trendline resistance.
completing initial pattern consolidating in a range.
just like rectangle or megaphone.(any alert/ announcement ???).
will observe its move. with levels
decide on ur own .
Note
in march'21 share holder approve demerger of pv vehicle businessin august'21 they got nclt approval for that.
since this period consolidating. let us see which side when its move go.
Note
333to 367 need to sustain above 360 -365 area .in days to come .
than possible 100 point upmove ..
below 360 may retrace
Note
383Note
408 high ...Note
as said megaphone pattern ..continuous announcement and other pattern..one fibo level 486 and today high so for 483
Note
333 to 700 area
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