Analysis on TATAMOTORS:
The stock is following Long move downwards.
Head and shoulder pattern is formed between 8 Feb 2019 to 14 jun 2019, 82 bars.
After the pattern formed there was 61 point reversal that is from 167 price slop down to 106.
TATAMOTORS followed with rounded top and there was a continues fall that is stock has reversed from 202 to 63 equal to 139 point reversal.
Now TATAMOTORS is forming a disjoint channel 23 mar 2020 till now
There is increase in volume fluctuation.
Support near 93.50
Below 87.32 bearish
Head and shoulder pattern is formed between 8 Feb 2019 to 14 jun 2019, 82 bars.
After the pattern formed there was 61 point reversal that is from 167 price slop down to 106.
TATAMOTORS followed with rounded top and there was a continues fall that is stock has reversed from 202 to 63 equal to 139 point reversal.
Now TATAMOTORS is forming a disjoint channel 23 mar 2020 till now
There is increase in volume fluctuation.
Support near 93.50
Below 87.32 bearish
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