TATAMOTORS: case study for Down-side
Case Study . . .
Time Frame: 75min.
View: Bearish
-> Gap was created on 13-10-21 and finally made a high of 492.
-> After taking support 3 times, the bulls took the stock up and the price reached 536.
-> From Nov 2 till now the stock used to come back from the support range.
-> But now, if this support range (466 ~ 456) is broken in such a weak market, then the stock would be under control of bears and the stock may fill its gap of 13th November & then
-> Down-side target would be 426/417
Time Frame: 75min.
View: Bearish
-> Gap was created on 13-10-21 and finally made a high of 492.
-> After taking support 3 times, the bulls took the stock up and the price reached 536.
-> From Nov 2 till now the stock used to come back from the support range.
-> But now, if this support range (466 ~ 456) is broken in such a weak market, then the stock would be under control of bears and the stock may fill its gap of 13th November & then
-> Down-side target would be 426/417
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.