TATA MOTORS possibly bottoming out

After long downtrend in Tata Motors, It looks like trend is on the cusp of reversal. Please wait for trend confirmation on MACD line to cross upward as well as upward price on high volume . Following positive points Few points to keep watch.
Hourly chart shows 50 SMA upward diversion around 370 price. If it can maintain 370 support and start moving up in channel then it also strengthens the overall trend on daily chart . Day chart shows RSI moving up from 30 level/ MACD is also crossing upward.

Comment: Failed to sustain in channel. Good example of not entering in trade untill we see MACD crossing upward.


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