Watchout for price action at point D
Tata Motor in process to make a big cup. Ultimate target is around 240 in hurry
In weekly time frame it is showing signs of revering from a Bearish Harmonic Cypher PRZ. In hourly time frame it has made a Bearish Harmonic Gartley and reversed. Failure to hold 490 on closing basis in daily time frame could be a trigger for the expected down move till 450. In hourly time frame trading above 513 would negate the move for now.
Monthly chart Resistance acting as support RSI Divergence Short term double bottom first bottom: July 2019 and Second: December
Black = Trend line Green = support Red = Resistance Once resistance is broken acts as support monthly chart
Expecting the stock to go up and touch new high.