TATA MOTORS LTD. NSE:​TATAMOTORS

Levels mentioned in the chart!

Double Bottom formation in Tatamotors after 8 years.

After a brief meaningless rally last week, TATAMOTORS failed to cross 200 level for the third time A bearish divergence with breaking down of two important levels suggest further fall after a minor pullback as shown

Strong resistance at 184, short term bullishness should make it move to a desired level of 234 in intermediate time frame. Support is at 170

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This scrip was one of the Most traded and it had lots of complex structure in it , to avoid further complexity , i have shifted to Kagi charts and can now clearly understand what is going on I am looking this could be the end of wave 2 and we can look for next impulse up for wave 3 which will be longer in time & price based in order to consider its end of wave...

Price @ supports,

following the stoploss one can buy tatamotors only after crossing 180.50

TATAMOTORS SELL BELOW 180.80

TATA MOTOR is a very good stock, but without JLR only it could become best.

BUY

as you can see tata motors reversed from 198 , and formed tripal top

Sell @ 185.2 (SL 188.4) Target 179/ 177.9. If it opens low at 179, buy (SL 177.9) Target 182.

Levels are on the chart.

TATA Motors expected to test the support zone in coming days . Can go short at every rise as long as it does not go above 200 .

Looking for bounce of trend line If you like idea please hit the like , comment below your view and let me know stock you like to analysis I do my best :-)

Double Inside Bar Long above 193.45, SL PDL PDL = 187.80 If gap up or down, follow 5m ORB.