Dinesh_C_Nagpal

TATA MOTORS

Short
NSE:TATAMOTORS   TATA MOTORS LTD.
Hello and welcome to this analysis based on Harmonic Trading Patterns
In the daily time frame it has made a Bearish Harmonic ABCD pattern with perfect balance symmetry.
It could retrace down to 440 - 430 as long as it does not trade above 461
As per Option Data also July Series 460CE is seeing fresh shorts being added and 440PE is seeing short covering. While August Series 460CE has already formed a very strong OI resistance with more being added currently.
Comment:
1st trgt done
Trade closed: target reached:
2nd trgt also achieved

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