Tata Motors Forms Reverse H&S, Targets 61.8% Fibonacci Level?

7 days ago

Tata Motors trying to form a reverse head and shoulders pattern, a bullish indicator suggesting a potential price reversal. As the stock continues to rise, it is anticipated to touch the 61.8% Fibonacci retracement level possibly before the upcoming announcement of Quarterly results (17% up move from current levels), a critical point often associated with significant price movements. Investors should watch for confirmation of this pattern to gauge potential upward momentum.

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Disclaimer: All ideas are my personal views and not financial advise. I do not have any Telegram channel nor do I sell any courses.