May 26, 2010

TATA MOTORS Channel is still intact

TATAMOTOR DAILY CHART

15 MINUTES CHART
  • Channel is yet to be broken in the daily chart.
  • One can remain long in the stock as far as the stock holds the channel bottom line.
  • keep a stop loss of 660-665.

By at

2 comments:

  1. UnknownMay 26, 2010 at 1:11 PM

    but the stock is showing weakness.........
    despite of the volatility it cant hold the 690 levels

    ReplyDelete
  2. SanMay 26, 2010 at 1:31 PM

    @risktaker
    I saw the channel it is valid till now. Weakness of stocks can change in the matter of minutes into strength.

    And because it is showing weakness at 690 i have given the stop loss.

    ReplyDelete

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