Tata Motors trading in bearish channel

Nov 14, 2016

Tata Motors Ltd.after breaking its long term uptrend seems to be trading in bearish channel and trading retesting channel support and resistance. traders may enter short Tata Motors a CMP for a target of 485.00 and again long for a target of around 525.00 if down ward breakout doen't occurs. if it breaks 470.00 then it will approach to next support 433.00 the fibo 50% crucial level.