surenlogan

Tata Motors Bearish Setup

Short
NSE:TATAMOTORS   TATA MOTORS LTD.
After fantastic bull run in the Tata Motors, it consolidated more than month. And also It was in the distribution phase, broken in the down side. So we may expect the huge fall on Tata Motors. So Its time to be cautious. Now Tata motors in a crucial support area at 460. if it breaks support 460, our first target will be 432 and second target will be around 400. And 400 is also a major support area. when is breaks the support 400, it may fall further upto 358.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.