TATA MOTORS (886.40)
THE DOUBLE TOP MOTORS...
This stock formes Double Top pattern on daily Charts at the price of 899.55 and 899.75. Afer the 9 days of consolidation between 865 and 835. Yesterday the stock spurted and today it closed at weaker side. The stock rallied from 652 to 899 at one single impulse wave without retrace. Now seeing into Double Top pattern at the price of 899, on the previous occassion it had taken nice support at the price of 900. The breakout above the 899, the resistence comes at 923-945-970 and 997. The support is at 865-835 and 810. Those who want to go short on this counter, place a stop loss at 900 and cover at the price of 865 and 835.
THE DOUBLE TOP MOTORS...
This stock formes Double Top pattern on daily Charts at the price of 899.55 and 899.75. Afer the 9 days of consolidation between 865 and 835. Yesterday the stock spurted and today it closed at weaker side. The stock rallied from 652 to 899 at one single impulse wave without retrace. Now seeing into Double Top pattern at the price of 899, on the previous occassion it had taken nice support at the price of 900. The breakout above the 899, the resistence comes at 923-945-970 and 997. The support is at 865-835 and 810. Those who want to go short on this counter, place a stop loss at 900 and cover at the price of 865 and 835.
posted by Naveen Pantera at 9:53 PM
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