Breakdown in Tatamotors
Updated
This stock can be shorted. The reason are outlined below.
- Currently stock is trading in a range of 481 - 437 so a breakout either way can be taken in a manner of speaking but
- 481 is an important resistance zone clearly and is also 38.2% of wave 1 so a potential wave 2 starting point.
Note
The stock has now broken below an important resistance level of 437
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