This blog is my trading diary. It is an attempt to organise my analysis and thoughts. I follow the charting methods given in JUST NIFTY blog by Ilango sir and so the charts would have striking resemblance to his charts. I am indebted to Ilango sir for having made this blog possible for me.

January 29, 2014

TATAMOTORS ANALYSIS

Tatamotors had a round of pull back yesterday and reached 359.

As per EW - Two to three possibilities are present now.
1. iv.A over and v.A is to start downwards.
2. A is over at 345 previous low and a B is unfolding - in which case there would be fluctuations and considering the expiry and month end this week, it would be in a trading mode.


CHANNEL BREAKOUT ABOVE 360 - IF BREAKOUT HAPPENS LIKELY TO TEST 368 - 100 DMA.
Posted by at

No comments:

Post a Comment