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NeeteshJain

Tata Motors - Breaks Out Descending Triangle, Moving Down

Short
TATA MOTORS LTD. (BSE:TATAMOTORS)  
NeeteshJain Updated   
BSE:TATAMOTORS   TATA MOTORS LTD.
Descending Triangle breakoutzone tatamotors
3
2
descendingtriangle breakoutzone tatamotors
It is been observed that the price action forms a descending triangle on hourly chart, forming lower highs. Now the price action breaks out from the triangle, indicating weakness ahead.

Target: 532
Stoploss: 552
Trade closed: target reached:
It was very volatile road, but we made to our targets eventually. Regards

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