#TATAMOTORS - Downward channel & Rising wedge

2 בנוב׳ 2017

TATAMOTORS is trading in a downward sloping channel & is moving towards its upper channel resistance. On a shorter-term frame, it is forming rising wedge. Even though rising wedge is a bearish pattern, by looking at the structure it looks like upside breakout is on the cards which will take the stock towards its channel resistance.