Dell weekly and daily chart is showing consolidation patterns that can give good trading opportunities.
Week chart is showing a bullish continuation pattern.
Price in daily chart is trading below its 50 DMA. Price if gives a breakout above the resistance line will give a chance to go long. Price closing above 50 DMA will favor bulls.
Support is seen at 13.22 Break of this level will be negative and will favor bears.
Daily chart shows the stock trending up above the 50 DMA. Stock had a dip below 50 DMA which lasted for a short time. So unless 50 DMA breaks convincingly this stock will remain in an uptrend.
Weekly chart shows price converging between resistance and support lines. Pattern is showing more upsides for the stock. Larger corrections can be expected only if the trend line gets broken. For now price is respecting the trend line which is good for the bulls of tata motors.
Breakout above1382 will continue this never ending uptrend.
