The green zone is a supply-demand zone where tata motors took resistance two times and at the third time as it touches the zone gave breakout on higher side. It is the first time when it came back to the zone where the zone will behave as support.
It will move in the upcoming weeks if sustain above zone.
I attached a chart of
AMBUJACEM
, its chart also look like tata motors. Ambuja has taken support from zone and moved up by 40%.
So because of similarities, I am expecting this kind of move in tata motors.
You can find more stocks on kind of this setup and do back test as well as forward test.
Give thumbs up if you guys really like my analysis.
Happy trading
It will move in the upcoming weeks if sustain above zone.
I attached a chart of
AMBUJACEM
, its chart also look like tata motors. Ambuja has taken support from zone and moved up by 40%. So because of similarities, I am expecting this kind of move in tata motors.
You can find more stocks on kind of this setup and do back test as well as forward test.
Give thumbs up if you guys really like my analysis.
Happy trading