Tata Motors Limited, formerly Tata Engineering and Locomotive Company, is an Indian multinational automotive manufacturing company headquartered in Mumbai, Maharashtra, India. It is a part of Tata Group, an Indian conglomerate. Tata Motors Ltd has been dropping for months now creating new monthly supply imbalances on the way down since the first supply level was created around 569.
Tata Motors Indian NSE stock has been dropping ever since that super strong bearish impulse that ended up creating a monthly supply price at the very top.On the way down as price continued to remove all bullish obstacles and demand levels, Tata Motors Indian NSE stock has created two more supply imbalances on the monthly chart, the last two were are 327 and 242.
Price has fallen short of retracing to the latest supply imbalance around 242 by a few ticks. It's a pity, because Tata Motors stock supply and demand technical analysis has a clear bearish bias and only shorts are allowed. There is still a lot of room for price to keep on dropping on Tata Motors Indian NSE Stock.
Only selling short is allowed on Tata Motors Indian NSE Stock since the monthly timeframe technical analysis tells us there is a clear downtrend, in a downtrend supply levels are created and respected, so only shorts are allowed in Tata Motors stock.
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Tata Motors Indian NSE stock has been dropping ever since that super strong bearish impulse that ended up creating a monthly supply price at the very top.On the way down as price continued to remove all bullish obstacles and demand levels, Tata Motors Indian NSE stock has created two more supply imbalances on the monthly chart, the last two were are 327 and 242.
Price has fallen short of retracing to the latest supply imbalance around 242 by a few ticks. It's a pity, because Tata Motors stock supply and demand technical analysis has a clear bearish bias and only shorts are allowed. There is still a lot of room for price to keep on dropping on Tata Motors Indian NSE Stock.
Only selling short is allowed on Tata Motors Indian NSE Stock since the monthly timeframe technical analysis tells us there is a clear downtrend, in a downtrend supply levels are created and respected, so only shorts are allowed in Tata Motors stock.
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