TraderParth

TATA MOTORS CAN RETEST AT ITS PREVIOUS LEVELS

NSE:TATAMOTORS   TATA MOTORS LTD
As in the 45M time frame, we found signs of the possible short term downtrend to its previous levels of resistance.

Key levels where the price can re-enter are 306 followed by 290.

IF there will any bearish momentum in the market tomorrow then we can expect that tata motors will retest these levels in 2-3 days.

First level- 306
Second level- 290

Both on the short side (85% probability)

NOTE

IF bullish momentum continues then the possibility is too high that it can go to its all-time high.
IF there is bullish momentum continues in nifty for the next 2-3 days then we can see some delay in the restating phase.

Happy Trading. :-)




Note - This idea is only for educational purposes and the application of the idea provided here in your own trading is dependent on you and any loss caused by that is totally your responsibility. The author is not liable for any loss/damages that happened to any party.

Comments

Excellent for all beginners
+1 Reply
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