Tatamotors could not surpass 389 - and has dropped down to a low of 368 on Friday - 366 being the 100 DMA. It has reached the bottom of the Diamond pattern formed in weekly charts. Break down below 366 - 100 DMA would be a diamond pattern breakdown.
As per Day TF there are minor supports at 359-360 - previous lows. Break below 360 would drag Tatamotors to near 340 levels.
NIFTY CHARTS:
Closing below 6300 - Nifty has fallen back into the contracting triangle. CONTRACTING TRIANGLE BREAKDOWN BELOW 6200-6180.
| TRADE | STOPLOSS | REASON |
| Sold @ 6280 NS 6320NF (feb) | EOD close above 6320 | Day Triangle Resistance |
| Partbook at 6180 NS - Triangle support |
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