TATA MOTOR SHORTHi
i see a big resistance here earlier but didn't confirm until resist price. at this moment market is over extended on daily and a clear divergence on it. but it doesn't mean market go down must form there. coz market on up trend and buyer are happy to buy this stocks. so market is reactive not predictive. so now we have to wait for break this black trend channel. and go to test previous major area for a bullish market change to bearish market. then i mark all the area where market try drop and bounce area. and last drop area. see you next for update
TATAMOTORS trade ideas
TATA Motors Daily AnalysisTATA MOTORS Joined its bull rally a few days back and achieved all times High.
But Is it the right time to buy TATA Stock?
Lets See -->
TATA Stock is in Supply Zone and at the top of the trendline of Ascending Broadening Wedge.
Ascending Broadening wedge serves as a Reversal Pattern, Which indicates Price will go further Down.
Also, In Hourly Chart Price is in Supply Zone and oscillating in it.
Although Bulls momentum is rising, one should wait for the breakout or Price bounce from the Supply Zone.
So, Until now The TATA Stock is in a Neutral Phase and one should wait for the price to break.