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!
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!
Nota
Scenario 1, first target hit and also completes the bullish bat harmonic patternNota
1.618 broken..Nota
2.618 brokenNota
making flag kinda patternNota
Consolidating to go up or down, lets seeTrade chiuso: obiettivo raggiunto
All targets closed
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.