- 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.
September 26, 2010
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