>>>NIFTY<<<
>Click the Chart to see on full screen<
Nifty forming a Flag like pattern and stuck in between those channel, today's attempt to break above the channel failed and fell upto 5640. Now if breaks 5640, next logical support at 50% fibonacci ratio along with the channel support as shown on chart.
Break below 5623 may favour bears with good sell off.
>>>TATA MOTORS<<<
>Click the Chart to see on full screen<
I think No explanation needed for the above Tata Motors Chart. Inverse H&S Break Out and falling to touch the Neck Line. But there is also another story in Eod which we have discussed along with chart last weekly review - as we found there is a Big Head and Shoulder.
So finally if 250 gives support - Possible bounce back, else may fall Heavily as per Eod Charts H&S Pattern.
Interesting days ahead. Lets wait and See. Cheers!!!
