Tata Motors Share Price Technical Analysis 09.06.2018 10:07AM

Tata Motors stock’s technical chart has taken the formation of “Falling wedge” pattern in a daily time frame. As we can see the last few sessions’ been strongly bullish in trend, where the market is expected to continue to rally on the same term according to the pattern's analysis. We can hope the positive rally could be testing all the way through 330-360 levels in the upcoming sessions. Although an alternative scenario indicates that if the market been able to breaks below a strong neckline support holding near 280, then it might have a chance to turn overall bearish once again. Key resistance holds at 360.

Technical Chart:

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