TATA MOTORS has touched the bottom of 1.618 and currently near monthly trend line resistance.
this time is can break, once the trend line is broken the re-test will happen and then reach upside to 0.05 and 0.168
NIFTY is trading at the crucial area which already tested the CHANNEL SUPPORT LINE on 14th August @ 2:15 PM.
hence expected to break the channel at this time, therefor it is good to close the swing trading for long position.
If NIfty shoots upside it can topout at the previous high @ 11341.
if it breaks down 11165 then it can trade below the neck line placed at 10880.
Upside target : 11243, 11300, 11341, final 11377
downside target : 11111, 11055, 10880 , if the neck line is broken then the direct target will be 10580 and 10551 which is 1.618 level