April 21, 2010

DAILY CHART - 1
DAILY CHART - 2

  • NIFTY closed above 5200 today. The short term upturn in line chart is still intact
  • A daily close above 5283 with good volumes can take nifty to 5330 and higher.
  • Staying below 20 SMA Weakness may continue.
thank you
take care
UPDATED CHART

    • BOOK PARTIAL PROFITS HERE AT 808

TATA MOTORS RANGE
  • TATAMOTORS in a range 760-798
  • Break of 798 can give 815
  • Break of the trend line can give 761
UPDATED CHART

    • NIFTY short term channel broken on the down side

NIFTY 5 MINUTES
  • NIFTY is moving in an upward moving channel
  • any fall to the bottom of the channel can be used as an opportunity to buy with the channel bottom line as stop loss.
thank you
take care
TATA MOTORS TRIANGLE UPDATE

TATA MOTORS DAILY
I present to you the triangles of TATA MOTORS. The previous one gave a near 300 point rally. The one that is developing now can give bigger results. An upside break out can expand the stock to a range of 800 to 1100. Break out on the lower side can bring the stock down to 600 levels

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All the contents of niftychartsandpatterns are for educational purposes only and are not Investment Advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures. Niftychartsandpatterns shall not be held responsible for the actions of individuals, parties, or corporations taken in response to the ideas, thoughts, concepts or information presented in this blog. Hence all the visitors are requested to apply their prudence and consult their financial or investment adviser before acting on any of the Ideas in this blog.

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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