TATAMOTORS HAS FORMED A BEARISH PATTERN

TATAMOTORS STARTED ITS OCTOBER SERIES WITH ADDITIONS OF SHORT POSITIONS. TECHNICAL CHARTS ALSO REFLECTING THE NEGATIVITY WITH LOWER TOPS AND LOWER BOTTOMS FORMATIONS..STOCK HAS GIVEN A BREAK DOWN BELOW 550 LEVELS WITH VOLUMES BUILDING UP.

TODAY ON 28 TH SEP STOCK UNABLE TO HOLD 545 LEVELS AND SLIP FROM THERE…

 

SO SELL TATAMOTORS AT 545 SL 555 CLOSING BASIS FOR THE TARGET OF 520

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