Tatamotors .....do you still feeling it is having momentum

bearish breakaway candlestick

Bearish Breakaway

  • Direction: Bearish
  • Type: Reversal
  • Reliability: Moderate




  • The first day is a long blue day
  • The second, third and forth days all continue in the same direction with higher closes, but more weakly than the first bullish push.
  • The fifth day is a long red day that closes into the body of the first or second days.


The first few candles suggest the strength of trend has accelerated significantly. By the third and forth days weaker moves up suggest the trend has started to slow.

In fact the first three or four days matches the Bearish Advance Block formation. The Advance Block Pattern is not normally a strong reversal pattern and traders usually wait for additional confirmation the next day.

The last candle of the Bearish Breakaway offers exactly that confirmation. After the few days of deteriorating bullish trend, a clear bearish candle emerges to reorient the markets direction. Markets typically want to see the bearish candle move below the previous two or three days deterioration for ideal confirmation.
Source..http://www.fxwords.com/b/bearish-breakaway-candlestick.html

Analysis ......

upside momentum restricted ....

volume  reduced drastically indicating reduction in buying interest ..

see gmma just  bent ..

shaded portion in chart is showing it is trading in highly overbought zone ...

so  indication we are getting here that it is the end of  bull run ....

Recommended to book profit   from it ...from  your long positions and initiate short positions ...

short it at or below 1033 .00 for the following levels...

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