8 Jun 2020 ● 06:06 AM
I have already discussed that Tata Motors ended a long term A-B-C decline and has the potential for a longer term bottom here. Short term I am marking the wave counts as 1-2-3-4-5, and we are in wave 3 of 3 up as shown. the first recovery rally usually can test the wave 4 high of the previous decline which is closer to 200. Support shifts to the closest swing low at 96.75.