In Tata Motors you will notice that after the trendline breakout there was a panic selling, traders who have short there and thought it was just a retracement when the price was reversing were trapped This is also afakeout Setup Where smart traders went long!
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I am still in favour of the bears in this scrip. In my opinion, the intrinsic value of Automobile companies is still below what they are trading at. Will surely be a folio addition if it comes near 80rs level.