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 23, 2014

TATAMOTORS ANALYSIS

Tatamotors is poised Mid-way between Breakout and Break Down.

As per Weekly TF and Day TF - Holding 423-424 - Weekly Lema and Channel Bottom is very important for it to move towards  450, above it 470++.

As per Hour charts Consoildation is taking place - Breakout 441 - would lead to 450, and Breakdown below 432 leads to 423-424.

THE KEY SUPPORT IS 422-424. It would be a Low risk High Reward entry to buy near 423-424 levels with 420-417 as SL.










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