TATAMOTORS UPDATE

Tatamotors made a high of 420 yesterday - with a possibility of completion of a 5 wave structure in Hou charts.

Bearish Possibility:

 5th wave completed at 420 and the correction has started. Break of 408 or rather break of 405 would confirm a correction.



Bullish Possibility:

 Holding 408 - If  possibility of an ending Diagonal then a=420, b=407.15 (today's current low), then towards near 421-422 and so on and so forth.

Holding 407 upmove towards 420-421 possible. Breakdown of 407 (5 DMA @ 408.25) and subsequent breakdown of 400 -below 10 DMA would lead to 380 corresponding to 100 dma .