Tata motors look bullish for Target 206 and positional it may push towards 239 as well.
Date 5th of January is critical which might push towards 198/206.
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Is Tata Motor following a parallel chanel ? If yest then we may see bounce towards mid range & 20 DEMA before start of any new down trend. RSI has still not shown any kind of divergence. Let's see how things pan out over next couple of days
I HAVE DRAWN AB=CD PATTERN NOW, AS RULES SAYS IF LOWER SUPPORT IS AT .618 UPPER RESISTANCE MUST BE AT 1.618 THEN, I CALCULATED POINT A TO B IT WENT UP 93.30 RUPEES. THEN I CALCULATED .618 RETRACEMENT OF THIS AS 93.40 X .618 WHICH GIVES 57.9375 LETS TAKE IT AS 58 NOW STOCK HAS ALREADY FALLEN 47 RUPEES AS SHOWN BUT HAS TO FALL TILL 58 APPROX AS SHOWN THIS COMPLETES...