koolshanin

EWA TMO can it show suprise near fibo support r will it fall

Long
NSE:TATAMOTORS   TATA MOTORS LTD
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Tata motors falling down still showing weakness and no sign of strength returning yet.
Trading near Fibo supports of earlier daily swings. 428 is a key fibo to watch failing with 392 is the next fibo support.

EW wave counts shows WIII in progress inside w3 and W III done first 2nd tgt . and retracement now should bring wIV for a quick swing trade for hit n run.

Many fibo confluence point to 428 as a good support any rise from there is nice trade in TMO but better to wait as catching falling knifes is not trading just gambling.

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