TATAMOTORS: case study for Down-side
Case Study . . .
Time Frame: 75min.
View: Bearish
-> Gap was created on 13-10-21 and finally made a high of 492.
-> After taking support 3 times, the bulls took the stock up and the price reached 536.
-> From Nov 2 till now the stock used to come back from the support range.
-> But now, if this support range (466 ~ 456) is broken in such a weak market, then the stock would be under control of bears and the stock may fill its gap of 13th November & then
-> Down-side target would be 426/417
Time Frame: 75min.
View: Bearish
-> Gap was created on 13-10-21 and finally made a high of 492.
-> After taking support 3 times, the bulls took the stock up and the price reached 536.
-> From Nov 2 till now the stock used to come back from the support range.
-> But now, if this support range (466 ~ 456) is broken in such a weak market, then the stock would be under control of bears and the stock may fill its gap of 13th November & then
-> Down-side target would be 426/417
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