Tata Motors - Incomplete Head & Shoulder@438 for 423-410

Last Price@431.50 - 10:35 Hrs 17th Oct2017

We are close to finish the 1st leg of Tata Motors from 375 Bottoms to 438 Highs with bullish harmonic update mentioned below & likely to have head & shoulder formation @438 highs - head.

Once TM holds on upside in 434-436 range & starts falling below 430 that will activate the down movement for TM which is break of neckline at 430-431 zone.

When to execute
Going below 430- Neckline activates the call for downside target & with stops of recent high after breaking below 430- Neckline.

423-425 Zone & Below 423 for 410

Aug 2017 Update - Bullish Harmonic 360-370 Zone

Result of the Update -
Explosive Move from 370-375 as that zone was holded for almost 2 months Aug-Sep 2017 - Pushed upside above 400 & finally made 438 high@17th Oct2017

Trade active: 10:55 Hrs 17th Oct2017

Last Price@432.50

1st Pushed from 431.50 to 434 - Exact shown next to right shoulder & started falling - Awesome.

Trade active: 13:25 Hrs 17th Oct2017

Last Price@432

Holding 430 downside we can get one more push to 434-436 zone but it should not cross above 438 -Head high level.
Trade active: 14:38 Hrs 17th Oct2017

Last price@432

TM is making 2nd attempt to reach 434 highs on upside - short term 2-3 points gain by having buy from 430-431 base.

Sell call activates only below 430 as suggested above.
Trade closed manually: 09:40 Hrs 18th Oct2017

Last Price@430.50

Sell call activated below 430 - Look it turned exactly from 434 which I have been talking in yesterday's session.

Stops above 434 or sell on bounce or below 428 for next session.

Take care.
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
it will further go down or will bounce back
@sanjay123, Hello Sanjay, do read the comments below for isdhpreet45.
Hello Sir, big fan of your work.

Are you suggesting, starting of corrective waves for 375-438 leg below 430?
@ishpreet45, Yes looks like a temporary halt at 438 highs - if intact this upside impulse is done & we look for correction 423-410 levels below 430 activation level. Regards
+1 Reply
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