Tatamotors broke the weekly downward trendline so buying opportunities are possible now. 20 ema has acted as a goof area where the stock stays above it. After the trendline is broke the stock gave a nice upmove and made a high. It then came to a low as has been at a previous low now. Alternatively the 20 ema has also caughtup with the trend and a rejection candle can be seen. If we find a bullish candle now making it a morningstar pattern the we could look for our entry at the bullish candle end. Target could be around the nearest high it made previously.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.