Tata Motors...Sell set up...

Tata Motors after a five wave decline has retraced between 61.8 to 78.6%...It is providing a good short oppurtunity at every rise with a stop of 603....

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What a decline. Its time to cover shorts. The decline seems to be in final stages where a reversal could be expected.

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Tata Motors gave a reversal as expected. It is at a channel resistence. Break of the channel would bring momentum into the stocks on upside.