TATAMOTOR analysis

Tatamotors has made a NEW HIGH of 418.2 - with a possibility of completion of 5waves in week charts.

Analysis for Sept 25

Nifty is correcting from the New Highof 5720. With three more trading sessions for expiry, bulls would not give up easily, and 5600NS is likely to be protected.  If the Day Closes below the Day HEMA 5648, then it is likely to test 5600-5580 - Day LEMA.

Today's Channel supports are at 5630-20NS Channel Resistances - 5710-20

The Hour charts are also exhibiting -ve divergences - which indicates caution at High Levels.