Will Tata Motors continue its rally ???

2021年9月24日

Will Tata Motors continue its rally ???

Reasons/Traits :
• Bullish Bat harmonic pattern was seen, now retraced back until point B and got rejected today
• Bullish Crab harmonic pattern was seen and it retraced completely
• 20 EMA touched 50 EMA today
• Good strength in RSI and strong uptrend is seen
• Last two candles form dark cloud cover
• Currently showing pattern of Bearish Cypher Harmonic pattern

What can happen next :
Scenario 1 : If price break 0.618 Fib levels (326) it can go up to 340/360 to complete the Bullish Bat harmonic pattern
Scenario 2 : Price breaking 310 can lead to 305/290/285/268 levels

Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!

2021年10月4日

註釋

Scenario 1, first target hit and also completes the bullish bat harmonic pattern

2021年10月12日

註釋

1.618 broken..

2021年10月13日

註釋

2.618 broken

2021年10月29日

註釋

making flag kinda pattern

2021年11月12日

註釋

Consolidating to go up or down, lets see

2021年12月10日

交易結束：目標達成

All targets closed