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
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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...