Long Opportunity -
Tata Motors has moved upperside last Tuesday, so there were chances that this stock will either hold a position in this range or may come down. So, on Wednesday it slightly come down and went sideways. The stock has closed at the level where it has opened on Monday. If it opens a gap up or flat there might be chances that this will go up. If it...
Short/long Opportunity
Tata Motors has formed a double bottom pattern in 15 minutes timeframe, but it is also shown a bearish trend on the daily timeframe. The level is between 411.40 to 410.50 is very critical We have to wait till the price gives confirmation. If it stays above this level we can go for a long, if it goes below this level we can go for short.
Sideways -
Tata motors have shown us a depth and it also recovered from that depth, so it is expected that now is the timing for the sideways market. As there is an uptrend, a downtrend we also have to consider a sideways trend too. There might be chances that in the first 15 min candle may show a big move and later it will go sideway.
