TATAMOTORS is yet to complete its LT breakout target

TATAMOTORS had given a symmetrical triangle breakout down in Feb 2018 & is trading in a bearish trend since breaking out. Today we have seen a 9% downwards move. But at these levels shorting fresh might seem very risky, so what can we expect from here? If Technical Analysis is to be believed then there's more downside left in TATAMOTORS.

Expected Target in Long Term is 56.40. Though 100 might act as a psychological support and may take sometime to break and even pullback a bi but overall outlook still remains bearish unless we some good reversal patterns.


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