Supply Zone
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TATA Motors : AnalysisTata motors has given 90 degree breakout after consolidation for several months. Possibility of breakdown is good.
Note:- This analysis is done on weekly time frame hence traded accordingly.
Creation of possible supply zone at higher level depicts the upcoming fall. If this zone is a supply zone then market coming down and retesting 400 levels is a possibility.
Possibility of consolidating at higher levels for few more days is good. Wait for it to close below recent low 470 levels which ta
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Long & Short Trade via H&S pattern along with Demand & Supply H&S pattern is forming. Left shoulder and Head have formed. Right shoulder is under construction. This DDZ (tested) is at the "neckline" of the above formation.
The expectation is that prices will bounce from the neckline demand zone and go on to complete the right shoulder which should give us a nice little long trade. The expected upside potential from the neckline to the possible right shoulder top is about 8-9% (measured via the left shoulder height).
Trade set up: Since the demand zone is






















