FOR TATAMOTORS ANALYSIS CLICK HERE:
From the High of 112.9, Sail has reached 81 levels below 5DMA currently trading at 85-88 range. Yesterday it reached 88 - 10 DMA but has not closed above it. Today's 10 DMA is 87.1.
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.
July 18, 2014
TATA MOTORS ANALYSIS
For SAIL analysis Click HERE:
Tatamotors Found support at 440 levels @ 50 DMA and bounced back again upto 477 knocking at the Medium term Weekly Channel. Breakout above 485 -487 would lead to new Highs. Resisting at 480 levels would drag it back to 460 levels. Breakdown of 460 levels is highly Bearish.
Tatamotors Found support at 440 levels @ 50 DMA and bounced back again upto 477 knocking at the Medium term Weekly Channel. Breakout above 485 -487 would lead to new Highs. Resisting at 480 levels would drag it back to 460 levels. Breakdown of 460 levels is highly Bearish.