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.

February 7, 2014

TATAMOTORS ANALYSIS

Tatamotors has closed above 10 DMA and if 360-362 resistance is surpassed it would target 50 DMA - near 370 levels.


February 6, 2014

Tatamotors Analysis

INTRADAY UPDATE 10.40 AM:

Morning reached 360 and has fallen. If it is the 4th wave completed then again a pullback - break of the channel below 348 would lead to more lows - as Start of C 

February 5, 2014

Tatamotors and Nifty analysis

Tatamotors found support at 200 DMA and bounced back upto 345.

Hour Channel and Day Wedge Breakout above 346.


February 4, 2014

Tatamotors analysis

By breaking 337 - the possibility of 5th wave has gone. Below 336 - next major support as per monthly/weekly charts are 330-325.


February 3, 2014

TATAMOTORS ANALYSIS

Tatamotors has closed on a weak note on Friday but it is almost at the support zone too.

Break of 349 - indicates weakness and likely to drag it towards 340. 340-338 major support levels as per weekly charts. Till 338 holds the possibility of 5th wave exists as per weekly/day charts.