Get started
Divergensity

Caution if Selling- Possible Up Move After Correction

Long
TATA MOTORS LTD. (NSE:TATAMTRDVR)  
Divergensity  
NSE:TATAMTRDVR   TATA MOTORS LTD.
Trend Analysis Chart Patterns Wave Analysis tatamotors TATAMTRDVR
0
0
trendanalysis chartpattern waveanalysis tatamotors tatamtrdvr
Tata Motors DVR looks like its forming a corrective pattern after breaking out of the downward trend line. Once the corrective pattern is finished in the 1 hour time frame, I think we will get to see an upside- either a corrective upside (C wave for further decline) OR a move to retest the 240 top. Near term, I guess there is atleast one upmove pending after the current correction is done. Selling may not be a great idea for now coz the possible pattern indicates an up move.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.