Tata Motors...Sell set up...
Tata Motors after a five wave decline has retraced between 61.8 to 78.6%...It is providing a good short oppurtunity at every rise with a stop of 603....
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What a decline. Its time to cover shorts. The decline seems to be in final stages where a reversal could be expected.Note
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Tata Motors gave a reversal as expected. It is at a channel resistence. Break of the channel would bring momentum into the stocks on upside.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.