Breakdown in Tatamotors

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.
  

Comment:

The stock has now broken below an important resistance level of 437