September 26, 2010

Tata Chemicals Ltd

  • Tata chemicals is consolidating after a good bull run from 340 levels.
  • Stock has good support at 394. So one can buy it above 20 DMA 
  • Stock has formed a Kind of diamond pattern. Diamond's are reversal patterns. But the price action seems to be hinting towards an upside breakout.
  • One can remain long above 405 or the 20 Dma with a tight stop loss.
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2 comments:

  1. rajiv malikSeptember 26, 2010 at 8:29 PM

    extremely grateful for this guidance and such a warm response. god bless u san !

    ReplyDelete
  2. SanSeptember 26, 2010 at 8:51 PM

    Thanks rajv malik

    ReplyDelete

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