tata motors is overbought one more time. considering getting bought this frequently and got sold right away shows bears do not want to win bulls to win.
As we can see, today was a very awesome day for the bulls. as the price goes up significantly. due to that shares got over bought and the price is way above than vwap (blue trendline).
my idea is on monday it is gonna be a bearing market cause the price want to come back to vwap.
depending on the trend as well as the news from the banks. keep a close look on the direction of market goes for 5 to 10 min. then trade depending on that information.
just go with the market.
