NSE:TATAMOTORS   TATA MOTORS LTD
Last 3 sessions candles have made a sandwich type structure. 1 st candle was bearish but with a lower wick. 2nd candle made bullish harami pattern by opening gap up but closing within bthe body of 1st. Bulls tried to push price but sellers kept hold of the resistance. 3rd candle should have been bullish in follow up of buliish harami. Price opened higher then posted new high but still within 1 st candle's range. Then price drifted lower engulfing the harami candle and closed below the low of 2nd candle but still within 1st candle's range. Seller pushed price lower by the end of day taking control from buyers. As long as high of 1st candle is holding price is expected to move lower.

Disc : it's not an investment advice to buy or sell

Comments

Fantastic, but 3 white soldiers yesterday on 1 hr TF signals a strong bearish reversal to uptrend. Again, can't predict the markets..
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out