Tata motor is forming a triangle pattern. Breakout/breakdown can give a good move. Downside biased- weak below 323.5 if sustains for mentioned targets.
@chvmohan966 yes u can based on your risk management It will give u good return with in short time. But risk management is important
adi1334
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sir u were soo right haha ! may i ask how did u identify a bearish bias? even tho the triangle was slightly ascending... and also is that ur own indicator below?
yogi_sharma_elliottician
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@adi1334, luck or maybe market structure! ;) No, not mine!
Poison_1907
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@yogi_sharma_elliottician people have posted ideas taking this pattern as a pennet and given targets for upside only.
Can you share your views on how different it is and why do you think it's more likely to go down
yogi_sharma_elliottician
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@Poison_1907 it's the same thing, no doubt it can breakout upside as well. On a downside, the gap has yet to be filled. It can fill the gap as well. But overall it is bullish.