TATA MOTORS 893.70
1000 IS ON THE CARDS...
On course of breaking the 900 levels. Above 900 levels i put my resistence target of 1000 level. Now for the next few trading session one can watch for the look-a-like Double Bottom price of 885, if it cracks then it'll go some more rounds of consolidation. If it holds well and try to break the 900 level then 1000 is not too far away. Momentum indicator is supporting for the 900 level breakout. BB is not giving muc clue. To maintain this uptrend it need to stay above the 864 level which is the 61.8% fibo of 997-650.
1000 IS ON THE CARDS...
On course of breaking the 900 levels. Above 900 levels i put my resistence target of 1000 level. Now for the next few trading session one can watch for the look-a-like Double Bottom price of 885, if it cracks then it'll go some more rounds of consolidation. If it holds well and try to break the 900 level then 1000 is not too far away. Momentum indicator is supporting for the 900 level breakout. BB is not giving muc clue. To maintain this uptrend it need to stay above the 864 level which is the 61.8% fibo of 997-650.
posted by Naveen Pantera at 8:29 PM
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