TATA MOTORS ( Avoid Fresh Entry )
Even after strong Quarterly numbers , is Tata Motors undergoing correction mode ?
Technically, Tata Motors has given a Breakdown from Ascending triangle pattern
The Close has gone below 50 EMA, the 10 and 20 ema following downward slope
The RSI is below 60, Both RS also nearing to 0
The volumes below dont look much Bullish as we can see that there are Huge red volumes at regular interval
Will Tata Motor find its support near the Fib retracement levels and coincide with 200 ema support ?
Will be interesting to check. As of now , No Fresh entry. Wait for Breakout above Resistance zone.
Technically, Tata Motors has given a Breakdown from Ascending triangle pattern
The Close has gone below 50 EMA, the 10 and 20 ema following downward slope
The RSI is below 60, Both RS also nearing to 0
The volumes below dont look much Bullish as we can see that there are Huge red volumes at regular interval
Will Tata Motor find its support near the Fib retracement levels and coincide with 200 ema support ?
Will be interesting to check. As of now , No Fresh entry. Wait for Breakout above Resistance zone.
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