October 15, 2011

  • Immediate resistance levels for tata motors are 185 and the zone between 210 - 216 level.
  • Price is also closing in on month High EMA. A bigger rally is possible only once price manage to close above month high ema.
  • Weekly cloud and Month High EMA may act as resistance levels in the short term.
  • Crude oil hits the resistance line in daily chart.
  • If price shows weakness here without breaking above the trend line crude oil will start to fall.
  • Breakout from trend line will find it hard to cross 89 - 90 levels. 


All the contents of niftychartsandpatterns are for educational purposes only and are not Investment Advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures. Niftychartsandpatterns shall not be held responsible for the actions of individuals, parties, or corporations taken in response to the ideas, thoughts, concepts or information presented in this blog. Hence all the visitors are requested to apply their prudence and consult their financial or investment adviser before acting on any of the Ideas in this blog.


Blog Archive

Powered by Blogger.

My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore