Here i have shown a weekly chart of Tata motors with support and resistance
As an investment - i guess Tata motors is a good buy because of following reasons :-
1) Break of lower low - lower high pattern..
2) Break of trend-line..
3) Mac-d on weekly & daily time frame is positive..
Buying can be done in the range of 160-170 with Sl as 150....
Immediate...
As Joel had predicted (Link below), Tata motors bled before Valentine day .
I also wish to thank yogi sharma & Ajay sharma for the wave counts in Tata Motors...
Now what Next
As pointed in the chart ,
The next question will be -- Can Tata Motors now cross the hurdle or the Supply area ??
I present this question to the esteemed trading-view audience !
NSE:TATAMOTORS Daily chart. A to B leg extended beyond 0.618% (Golden ratio) n retrace to 0.786%. Not a perfect ABCD pattern. But one can watch once if it crosses 440 levels. for the target of 500.
