TATAMOTOR ANALYSIS

Tatamotors broke below 404 - to reach 383 today -with almost a 5 wave complete.

Holding 383 rather 382.7 - upsides possible - initially upto 404-406 breakout of this would lead to new Highs.

Breakdown of 382 - more lows towards 50DMA/100 DMA @ 378 levels.

Holding 383 - new Highs possible. - Bullish Count i,ii,iii,iv

Breakout of wedge @ 390

Breakdown below 382.7 - confirms more downside towards B

Breakout above 390

holding 382.7 is a must for an upmove.

Tatamotors analysis

With the Low pf 393 - the down C is almost done. (click here) Holding 393 - another round of High is Possible.
Break down of 393 - would lead to more downsides -
Breakout above 404-405 would be a Falling wedge breakout. 405-406 - corresponding to 10 DMA.
EOD close above 10 DMA would be bullish and if withheld - then a swift upmove towards 420-425-430.

393 - CRUCIAL LEVEL