Currency Grow (CA & SEBI Reg IA Omkar Bhutada) · 31st Mar
This is a textbook bearish reversal setup — very powerful if traded correctly ⚠️
TMCV
🧠 What’s happening in Tata Motors?
1. Rounded Top Formation (Distribution)
Price formed a curved top (inverted cup)
Slow rise → slow fall → acceleration down
👉 This is smart money exiting
2. Critical Support Breakdown
Key level: ₹390–400
Price is now:
Breaking this zone
Closing below it
👉 This is trend change confirmation
3. Momentum Shift
Sharp red candles
Lower highs forming
Buyers getting weaker
👉 Control has shifted to sellers
📉 What’s the Opportunity?
✅ Bearish Continuation (High Probability)
If price:
Sustains below ₹390
👉 Then:
Targets:
₹360
₹340
₹320
💡 Your arrow is perfectly aligned with structure.
⚠️ Trap Scenario (Short Covering)
If price:
Reclaims ₹400 quickly
Closes back above it
👉 Then:
Bounce to ₹420–440 possible
📊 Smart Trading Plan
🔻 Aggressive Short
Entry: Below ₹390
SL: ₹410
🔻 Best Setup (Pro Level)
👉 Wait for:
Breakdown → Pullback to ₹390–400 → Rejection
Then short.
✔ Higher probability
✔ Better risk-reward
⚡ Key Insight
Compare with Birlasoft:
Birlasoft = Already in downtrend
Tata Motors = Just started breakdown
👉 This is the early stage of a downtrend
🧩 My Straight View
👉 This is a clean short setup
👉 Not for buying right now
Below ₹390 = continue downside
Above ₹400 = avoid shorts