TATAMOTORS AN ANALYSIS

Tatamotors has been supported by 200 DMA 285.5 levels. breakdown of this would result in a Head and Shoulder breakdown for much lower targets. If supported at the neck line at 279-280, then a swift pull back would lead to 300+.

 

 

TATAMOTORS HOUR CHART:

 

 





NIFTY IN DEEP RED!!!!!!!!

WEEK CHART:

DAY Charts:

NIfty if finds support at 5630-50 - possibility of Bounce back - ELSE huge downsides -

retracements for 5477 - 6229
70.7% - 5697 - done
78.6% - 5637 - trendline support
80% - 5627
88.6% - 5562
113%- 5379