Update: Bearish ABCD and Wolfe Wave pattern in Tata Motors - 1st Sept 09

TataMotors Intraday Chart - 5 mins:

Bearish ABCD pattern and Wolfe wave, TataMotors is showing strength and in intraday basis it formed a channel. If it gives break out above the channel then conservative traders can exit the short trade. High risk traders can hold it with Rs.510 as Stop loss.

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.

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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.

Bearish ABCD and Wolfe Wave pattern in Tata Motors - 26th Aug 09

Tata Motors Chart - Hourly:

Tata Motors formed a Bearish ABCD pattern and Bearish Wolfe Wave in hourly charts. Symmetry is good and the convergence is also good.

Wolfe Wave marked in aqua

Sweet zone is marked in pink

Target for Wolfe Wave is Marked in Red

ABCD is marked in Blue.

Watch out for an update on the blog when the short triggers!