February 2, 2011

TATA MOTORS Support and resistance levels

  • Tata motors weekly chart shows price approaching the weekly trend line which may give support for the stock
  • Price has broken and important support level in daily chart which was between 1130 - 1150. So if a rally happens this area will act as stiff resistance.
  • Price has moved well below 50 DMA and is moving towards 200 DMA. Bulls of this stock may expect a bounce from 200 DMA. 
  • NIFTY DAILY ANALYSIS

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