TATA COFFEE (330.40)
RESISTING AT 200DMA
(click on the charts for better view)
This stock is resisting at its 200dma price of 338 and strong upmove is on the cards after the breakout of 338. Thru out the month of August this stock is trading between the prie of 320 and 338. I put my first target for this stock at 364 and then at 390 and 417. CCI is heading towrds the Extreme Bullish point, RSI above the mid-point MACD is ok. My stop-loss for the long trade in this stock is somewhere near 300, my point is the stop loss is the lower trendline which is connected the low price of 250 and 277.45.
RESISTING AT 200DMA
(click on the charts for better view)
This stock is resisting at its 200dma price of 338 and strong upmove is on the cards after the breakout of 338. Thru out the month of August this stock is trading between the prie of 320 and 338. I put my first target for this stock at 364 and then at 390 and 417. CCI is heading towrds the Extreme Bullish point, RSI above the mid-point MACD is ok. My stop-loss for the long trade in this stock is somewhere near 300, my point is the stop loss is the lower trendline which is connected the low price of 250 and 277.45.
posted by Naveen Pantera at 9:35 PM
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