March 14, 2011

TRE Chart Analysis

  • Price in daily chart is trading near its 200 DMA, So if price touches the 200 DMA we may see a bounce from this moving average.
  •  Price in weekly did violate the trend line, But has managed to stay above it form now.
  • Daily chart is trending down in a channel. So a change in trend may be visible once the resistance line of the channel gets broken on closing basis. 

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