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
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