September 26, 2010

  • 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.


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



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My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore