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