AbhishekHSinghCMT
Short

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

NSE:TATAMOTORS   TATA MOTORS LTD
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.

Targets
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.

snapshot
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
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
it will further go down or will bounce back
Reply
@sanjay123, Hello Sanjay, do read the comments below for isdhpreet45.
Reply
Hello Sir, big fan of your work.

Are you suggesting, starting of corrective waves for 375-438 leg below 430?
Thanks,
Reply
@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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