Tatamotors Analysis

The Diamond pattern of tatamotors (Click HERE)  

                     

gave a Huge Breakout and it reached upto 379 - 50 DMA and resisting from thereon.

As per day charts resistances at 375, 380 - So an EOD close above the 50 DMA is required for further Upmoves.

Supports at 370, 368 - So an EOD close below 10 DMA is required for sustained downmove. Currently trading range between 370 - 380.

As per weekly charts there are supports at 370 level. Breakdown of which would be a channel breakdown.
Holding 370 and breaking past 380 - Possibility of new Highs

 Holding 370 - key for both Up and Down Moves

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Tatamotors Charts

Staying below 371 - 10 DMA - it would be a breakdown of an Inverted C&H pattern - targets as low as 340 levels.

Moving past 371 and an EOD close above it would take it to 380 levels and above - failing the inverted C&H pattern.