Divergensity
Long

Caution if Selling- Possible Up Move After Correction

NSE:TATAMTRDVR   TATA MOTORS LTD
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.

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