TATAMOTORS H&S BREAKDOWN

In Tatamotors chart, the neckline of the Head and Shoulder pattern is broken - but the Wolfe Wave target is almost met with.

A pullback upto 280 - 283 is possible - upto neckline and if breaks out above 285, then the H&S would be a failure.

If 270 breaksdown then lower targets near 260.

 

 

 

 In the above Wolfe wave chart, there is a possibility that the target is almost achieved. If a pullback upto 280-283 occurs and breakout above the channel fails, another low is possible towards 260 levels.

 

Hour Chart: