September 28, 2015

Tata Motors trend update

  • Tata Motors daily chart continues to give new lows and staying below the cloud. no possibility of a bigger reversal till price stays below daily cloud.
  • There is hope for a reversal as price nears monthly cloud. But that will remain a hope till we see a monthly bullish candle at this level.
  • Weekly chart shows price testing crucial support zone at 300. Below this level bigger corrections are possible. Bulls need to stay above this zone.

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