September 21, 2010

TATA MOTORS consolidation pattern

  • One can get into Tata Motors when it gets out of this pattern.
  • One should also keep in mind the trend of the stock before taking a position. Keep a watch on 50 DMA. It seems the stock will consolidate within this pattern for some time to come. That will give time for 50 DMA to catch up with the price.
  • So trade the pattern by keeping 50 DMA as filter. 
By at

3 comments:

  1. rrknanSeptember 21, 2010 at 10:19 AM

    Looks like Nifty spot has broken the rising wedge you has posted yesterday, can you please check and confirm.

    ReplyDelete
  2. Alisha JainSeptember 21, 2010 at 10:59 AM

    Thank you Sir..Some real information you have given through this chart.
    INTRADAY TIPS

    ReplyDelete
  3. SanSeptember 21, 2010 at 12:29 PM

    @rrknanNifty has broken the broadening pattern

    ReplyDelete

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