Update: Bearish ABCD and Wolfe Wave pattern in Tata Motors - 27th Aug 09

Update on 28th Aug 09:

Short triggered for Tata Motors, above is the updated chart.

~.~.~.~.~.~.~.~.~.~.~.~.~.~.~.~.~.~.~.~

Tata Motors Intraday chart - 5 mins:

Update on Bearish ABCD and Wolfe Wave pattern, Short trade is triggered in this for ABCD pattern at Rs.488, but I suggest to enter short below the aqua line(below Rs.480) levels as Nifty is still showing strength in present conditions.