serikarprakash

TATAMOTORS- at Crucial Support

NSE:TATAMOTORS   TATA MOTORS LTD
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As per weekly, there is a double top formation and currently testing the neckline. If this week or subsequent week closes with a body dominating red candle then can expect to start falling till 237 and then 198 levels.
In Daily chart , if it closes strongly below the support zone and also the 250ema, then confirms a potential downfall till above levels.For reversal ( uptrend to start after the retracement), price has to close strongly above the trendline.

Note: Do your own analysis before investing.

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