Will Tata Motors continue its rally ???
Reasons/Traits :
• Bullish Bat harmonic pattern was seen, now retraced back until point B and got rejected today
• Bullish Crab harmonic pattern was seen and it retraced completely
• 20 EMA touched 50 EMA today
• Good strength in RSI and strong uptrend is seen
• Last two candles form dark cloud cover
• Currently showing pattern of Bearish Cypher Harmonic pattern
What can happen next :
Scenario 1 : If price break 0.618 Fib levels (326) it can go up to 340/360 to complete the Bullish Bat harmonic pattern
Scenario 2 : Price breaking 310 can lead to 305/290/285/268 levels
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Reasons/Traits :
• Bullish Bat harmonic pattern was seen, now retraced back until point B and got rejected today
• Bullish Crab harmonic pattern was seen and it retraced completely
• 20 EMA touched 50 EMA today
• Good strength in RSI and strong uptrend is seen
• Last two candles form dark cloud cover
• Currently showing pattern of Bearish Cypher Harmonic pattern
What can happen next :
Scenario 1 : If price break 0.618 Fib levels (326) it can go up to 340/360 to complete the Bullish Bat harmonic pattern
Scenario 2 : Price breaking 310 can lead to 305/290/285/268 levels
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Comment:
Scenario 1, first target hit and also completes the bullish bat harmonic pattern
Comment:
1.618 broken..
Comment:
2.618 broken
Comment:
making flag kinda pattern
Comment:
Consolidating to go up or down, lets see
Trade closed: target reached:
All targets closed