March 21, 2011

TATA MOTORS Support and resistance lines

 DAILY CHART
  • Weekly chart of TATA Motors shows price converging between support and resistance lines. Weekly chart may give good direction soon.
  • Daily chart is showing a bullish consolidation pattern. But for this one to work in favor of bulls they need to hold on to the 200 DMA. Slip and close below 200 DMA will favor bears.
  • INFOSYS CHART ANALYSIS

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