TATA MOTORS TRIANGLE UPDATE
TATA MOTORS DAILY
I present to you the triangles of TATA MOTORS. The previous one gave a near 300 point rally. The one that is developing now can give bigger results. An upside break out can expand the stock to a range of 800 to 1100. Break out on the lower side can bring the stock down to 600 levels
what do you say now? yesterday 3% and today 2% fall !
ReplyDeleteHai Paresh,
ReplyDeleteI think the current fall in the prices will be limited to the bottom line of the triangle. and a test of the top line of the triangle for the third time cannot be ruled out.
We have to see when what happens if the stock manages to close above the resistance line, A good up move is possible.
if it fails for the third time then that becomes kind of TRIPLE TOP formation which is quite bearish and can break the bottom line of the triangle.
what are these triangles u r drawing? I'm new to TA I mean they dunt look like either ascending/descending. They sort of look like symmetrical but theyre still different. are they harmonic triangles or patterns?
ReplyDelete