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.

March 14, 2014

TATAMOTOR ANALYSIS

Tatamotors broke below 404 - to reach 383 today -with almost a 5 wave complete.

Holding 383 rather 382.7 - upsides possible - initially upto 404-406 breakout of this would lead to new Highs.

Breakdown of 382 - more lows towards 50DMA/100 DMA @ 378 levels.


Holding 383 - new Highs possible. - Bullish Count i,ii,iii,iv
Breakout of wedge @ 390

Breakdown below 382.7 - confirms more downside towards B


Breakout above 390
holding 382.7 is a must for an upmove.




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2 comments:

satheesh said...

Hi all,

My system has just recovered from a crash - and so I am just reconstructing the TA files. I shall update within a day or two.

March 18, 2014 at 10:13 AM
kizar khan said...

Hi Sateesh sir, still we are keep checking ur blog but still no update ,please update charts

April 4, 2014 at 10:23 PM

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