TATAMOTORS- at Crucial Support
As per weekly, there is a double top formation and currently testing the neckline. If this week or subsequent week closes with a body dominating red candle then can expect to start falling till 237 and then 198 levels.
In Daily chart, if it closes strongly below the support zone and also the 250ema, then confirms a potential downfall till above levels.For reversal ( uptrend to start after the retracement), price has to close strongly above the trendline.
Note: Do your own analysis before investing.
In Daily chart, if it closes strongly below the support zone and also the 250ema, then confirms a potential downfall till above levels.For reversal ( uptrend to start after the retracement), price has to close strongly above the trendline.
Note: Do your own analysis before investing.
כתב ויתור
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