TATA TEA
MAJOR BOTTOM AT 730
In the last six trading session this stock formed strong bottom at730-733 levels and also on Daily Candlestick it formed the "FirstSunny Day" Pattern. Place a stop loss at 730-733 levels and go longand cover at the levels of 780 and 803. 803 is the 200dma which will be crucial level for this stock. Daily RSI & CCI is still below the mid-point level but this two indicators are gradually moving above the mid-point level for further Bull steam.
MAJOR BOTTOM AT 730
In the last six trading session this stock formed strong bottom at730-733 levels and also on Daily Candlestick it formed the "FirstSunny Day" Pattern. Place a stop loss at 730-733 levels and go longand cover at the levels of 780 and 803. 803 is the 200dma which will be crucial level for this stock. Daily RSI & CCI is still below the mid-point level but this two indicators are gradually moving above the mid-point level for further Bull steam.
posted by Naveen Pantera at 9:34 PM
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