From the hourly chart of Tata Motors, we can confirm the RSI is showing Negative divergence with respect to the price chart. Also, Tata motors has shown small double top pattern, which confirms shorting. When Tata Motors break the trend line shown in the image, we can short our shares, and put a stop loss of previous high.
Tata Motors is also showing Shorting on 3-Moving averages. The 5-MA is going to trail below 20-MA, and that can be another confirmation.
Tata Motors is also showing Shorting on 3-Moving averages. The 5-MA is going to trail below 20-MA, and that can be another confirmation.