TATA MOTORS triangle break out

TATA MOTORS TRIANGLE

• TATAMOTORS triangle break out targetting at least 1000.
• keep 816 as stop loss and go long.

NIFTY Technical analysis for 22 april 2010

NIFTY DAY LINE CHART

NIFTY DAY CHART - 2

• NIFTY closed below 5300 and below 20 DAY Sma.
• the upturn in line chart is still intact
• 5200 support is still intact.
• we have closed above 5260 which is a minor resistance point.

NIFTY Hour inverted Head and Shoulders

NIFTY HNS

• NIFTY reacted from an inverted head and shoulders pattern
• This price action can move till 5340 and higher.

TATAMOTORS reached target in one day

TATA MOTORS TODAY

TATA MOTORS YESTERDAY'S VIEW

• TATA MOTORS if crosses 798 may give 815
• if breaks the trend line can give 760.

TATA MOTORS exceeded the target and it has broken out of the daily triangle more upsides possible from here. A close above 816 will confirm the triangle break out today