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Short

Tata Motors trading in bearish channel

NSE:TATAMOTORS   TATA MOTORS LTD.
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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.
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