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.

June 20, 2014

TATAMOTOR ANAYLSIS

Tatamotors is consolidating within a Contracting triangle in Hour charts and Symmetrical triangle -(Diamond Pattern) in Day charts. Breakdown of triangle below 430. Triangle resistance 450. Breakout of triangle above 450+.



5 DMA - 436.35
10 DMA - 441.8
20 DMA - 434.85
Fast rise possibility between 5 and 20 DMA.
Holding EOD above 5 DMA is required for upmove.

DIAMOND PATTERN breakout above 450 and breakdown below 430.

HOLDING ABOVE 430 - INITIALLY UPTO 450 AND BREAKOUT ABOVE 450 TOWARDS 460++
BREAKDOWN BELOW 430 - DRAG DOWN TOWARDS 420-415.

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